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San Diego’s SmartDrive Raises $50 Million in New Funding

San Diego-based SmartDrive Systems, which makes video cameras used to improve driving safety, announced Monday it has raised $50 million in new funding. The funding, provided by Oak Investment Partners, New Enterprise Associates and WABCO, will fund the company’s global expansion and product development. WABCO, which invested $20 million, will integrate SmartDrive’s next-generation video analytics solutions into commercial vehicle fleets. “Extending beyond the […]