Driving performance solutions pioneer listed at #25 on the list of America’s top venture capital backed companies
SAN DIEGO--(BUSINESS WIRE)-- SmartDrive Systems, a leader in driving performance solutions that reduce collisions and improve fuel efficiency, announced today that it has been recognized by the Wall Street Journal as one of the nation’s “Next Big Thing”: Top 50 Start-Ups.
In the third annual ranking of the 50 top-performing, venture capital-backed companies in the United States, SmartDrive was listed at #25. To be eligible, companies must be based in the U.S., have received an equity round of financing within the last three years and be valued at less than $1 billion. The Wall Street Journal survey considered nearly 6,000 candidates, evaluating them based on fundraising success, recent growth in a company's value, and the track record of its founders, board members and management. Dow Jones VentureWire reporters and editors also provided their perspective and expertise beyond the numbers.
SmartDrive provides innovative driving performance solutions for the transportation sector. Combining video analysis, predictive modeling and a personalized training program, the SmartDrive solution gives fleets complete insight into risky driving events and fuel-wasting maneuvers, as well as recommendations and tools for improving driving skills. Reducing collisions by up to 50% and improving fuel efficiency by 15%, fleets of all types are saving hundreds of thousands of dollars in operating expenses annually, while protecting their drivers and the motoring public.
“It is a great honor to be named to the Wall Street Journal’s ‘The Next Big Thing’ list,” said Steve Mitgang, CEO, SmartDrive Systems. “We create significant economic leverage for commercial trucking and transportation companies and this substantial bottom-line savings is why SmartDrive has become the leading solution for fleet safety and fuel efficiency. To be recognized as one of America’s Top 50 Start-Up companies is further evidence of that achievement.”
For more information about SmartDrive’s industry-best driving improvement platform, visit www.smartdrive.net.
About SmartDrive Systems
SmartDrive Systems gives fleets and drivers unprecedented driving performance insight and analysis, helping save fuel, expenses and lives. Its video analysis, predictive analytics and personalized performance program help fleets improve driving skills, lower operating costs and deliver significant ROI. With an easy-to-use managed service, fleets and drivers can access and self-manage driving performance anytime, anywhere. The company has compiled the world's largest storehouse of more than 50 million recorded risky-driving events. SmartDrive Systems is based in San Diego, CA, and employs over 375 people worldwide.
SmartDrive Media Relations
Jim White, 619-955-6430
Source: SmartDrive Systems