An Irish company that uses AI to stop crashes before drivers see them coming has raised up to €49m to expand in North America and Europe.
CameraMatics, founded in Dublin in 2016, makes a video-telematics platform for commercial fleets. Its cameras and software watch the road and the cab at the same time.
The system flags a cyclist in a lorry’s blind spot, a driver drifting out of lane, or signs of fatigue and phone use, then turns the footage into a regulator-ready compliance report.
The funding is led by the UK growth investor Blume Equity, alongside the Ireland Strategic Investment Fund, the state’s sovereign development fund, and Goodbody Capital Partners, which invested on behalf of the bank AIB.
The ‘up to €49m’ figure is worth reading carefully. It mixes new growth capital with a partial cash-out for early backers such as Sure Valley Ventures, while Salica Investments continues to provide debt. Existing investors, including Puma Growth Partners and Enterprise Ireland, are staying on.
