Tuesday, February 12, 2013
DriveCam Hits $100M In Revenues
DriveCam, the San Diego startup developing technology which analyzes and tracks the performance of commercial fleet drivers, reported this morning that it has just reached over $100M in 2012 sales. The firm said it ended 2012 with orders in excess of $100M, a growth of 50 percent in its subscription base and double the number of orders year over year.
DriveCam said the revenue growth came due to global expansion, strategic partnerships, and continued growth within its customer fleets. DriveCam is privately held, and has received venture backing from Chopra Ventures, Insight Venture Partners, Integral Capital Partners, JMI Equity, Leader Ventures, Menlo Ventures, Tech Coast Angels, Triangle Peak Partners, and Welsh, Carson, Anderson & Stowe.