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DriveCam Gets $28M in Venture Funds

DriveCam Inc. has received $28 million in Series C financing, the San Diego-based company announced on March 1.

The company produces an event recorder installed in fleet vehicles, which captures video of risky driving. The company also provides services based on the information in the event recorder.

Insight Venture Partners of New York and Integral Capital Partners of Menlo Park contributed to the Series C round. Joining them were previous investors Menlo Ventures and JMI Equity.

The company said it wants to use the funding to launch a consumer division, expand services and increase its global presence.

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, Brad Graves

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