SmartDrive raises $90M

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SmartDrive, a company that provides video-based safety telematics and transportation intelligence, has secured $90 million in financing. The investment was led by TPG Sixth Street Partners, with existing investors NewView Capital, Oak Investment Partners, WABCO, and Michelin also participating in the round.

PJT Partners served as financial advisor and placement agent, and Pillsbury Winthrop Shaw Pittman served as legal counsel to SmartDrive in connection with the financing. Sidley Austin acted as legal counsel for TPG Sixth Street Partners.

SmartDrive is based in San Diego, Calif., and employs over 725 people worldwide. 

[Image courtesy: SmartDrive]