Cameramatics 1639649453

CameraMatics secures up to €49 million to scale AI-powered fleet intelligence platform across Europe and the US

CameraMatics, a Dublin-based AI-powered video telematics and fleet intelligence platform, has secured up to €49 million in investment to support its next phase of international expansion and ongoing product innovation as the company scales across the UK, Ireland, Europe, and the US. The investment was secured from a consortium led by Blume Equity, alongside the Ireland Strategic Investment Fund (ISIF) and Goodbody Capital Partners (on behalf of AIB). “This is a landmark moment for CameraMatics. When Simon and I founded the company in 2016, our ambition was to build a global technology platform that would fundamentally improve safety standards across commercial fleets. Our mission is simple but ambitious – to reduce driving and work-related accidents to zero through technology, AI and data-driven fleet intelligence,” said Mervyn O’Callaghan, co-founder and CEO of CameraMatics. Founded in 2016 by Mervyn O’Callaghan and Simon Murray, CameraMatics’ helps fleets reduce risks, cut cost