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TECH: System Can Estimate Traffic Speeds And Spot Pedestrians
For a long time, several tech companies serving the transportation industry have made San Diego their home. The common threads running through their businesses are video cameras and trip data. A camera in the cab of a big rig provides an extra set of eyes on the driver, the road and everything going on around them.
A business called Netradyne Inc. recently joined the group. The 1-year-old company wants to take such technology to its logical next step by adding artificial intelligence.
Netradyne is pre-revenue, testing its product with a group of early adopters - undisclosed companies that operate everything from town cars to 18-wheelers on multistate routes. Companies with fleets as large as 1,000 vehicles use the product, said Adam Kahn, vice president of Netradyne's fleet business.
Netradyne is building its business with $16 million in funding from Reliance Industries, the largest company in India. The conglomerate - with interests in oil and gas, transportation and retail - reported total revenue of $39.1 billion in its latest fiscal year, as well as 24,000 employees.
It was June when Netradyne announced its heavyweight backer. "They don't make early-stage investments," said Sandeep Pandya, Netradyne's president, indicating that his company seems to be an...