Mervyn O'Callaghan. Image: CameraMatics
The Dublin-headquartered company uses AI and analytics to improve road safety for commercial fleets.
SETU Xcelerate-backed CameraMatics has secured a €49m investment that will be put towards the organisation’s plans for further expansion and product innovation. The funding was led by Blume Equity, alongside the Ireland Strategic Investment Fund and Goodbody Capital Partners (on behalf of AIB).
Founded in 2016 at SETU Xcelerate by Mervyn O’Callaghan and Simon Murray, CameraMatics uses AI-powered video intelligence, advanced driver assistance systems and real-time operational analytics to help fleet operators enhance road safety, reduce operational risks and lower carbon emissions.
Currently, the Dublin-headquartered organisation employs more than 150 professionals across Europe and the US.
