AI-powered video telematics and fleet intelligence provider CameraMatics has secured up to €49m of investment to deliver the next phase of product innovation while continuing to support its growing customer base across the UK, Ireland, mainland Europe and the United States.
Now serving nearly 1,000 fleet customers across these regions, CameraMatics delivers AI-driven video intelligence, advanced driver assistance systems and real-time operational analytics to thousands of cars, vans, trucks, buses, coaches and other commercial vehicles, helping operators improve safety, reduce operational risks and cut carbon emissions through improved driver performance.
The investment comes from a consortium led by Blume Equity, alongside the Ireland Strategic Investment Fund (ISIF) and Goodbody Capital Partners (on behalf of Allied Irish Banks - AIB).
Mervyn O’Callaghan, co-founder and CEO at CameraMatics, said: “This is a landmark moment for us. When Simon Murray and I founded the company in 2016, our ambition was to build a global technology platform that would fundamentally improve safety standards across commercial fleets. Our mission was simple but ambitious – to reduce driving and work-related accidents to zero through technology, AI and data-driven fleet intelligence.
“Since founding the company, we have delivered strong year-on-year growth, expanded internationally and earned the trust of many of the world’s leading fleet operators.”
