CameraMatics targets US market

CameraMatics, an internet of things (IoT) fleet and vehicle safety technology company based in Ireland, says it has re-engaged in the U.S. market, with new hires a new website specifically designed to help decision-makers of American trucking fleets and business-vehicle operators to improve safety, efficiency and compliance. 

CameraMatics was launched in 2016 and says it has more than 1,000 customers globally, including some leading mid-to-large-sized fleet operators. The company says it also has seen 300 percent growth in its customer subscription base since January 2020. 

In January, CameraMatics closed a Series A funding round. These funds are being used to support the expansion of its U.S. branch where a team is being built covering sales, customer success and technical services. CameraMatics says it also is using the recent investment to expand its entry into the mainland European and Middle Eastern markets and expects to create more than 50 jobs over the next two to three years in the U.K. and Ireland. 

“CameraMatics has cemented its position as a market leader in Ireland and the U.K., and we’re excited to bring our technology and continue our mission to drive new standards in vehicle and driver safety across the US and the world,” says CameraMatics co-founder and Director Simon Murray. “Launching our dedicated U.S. website and strengthening our presence in this market is an important milestone for the business. We’re extremely excited about the response we received in the US around our solution and look forward to helping all our customers drive new safety standards across their fleet operations and keeping drivers and other road users safe and protected in North America. The future looks very bright.” 

The CameraMatics software as a service solution is a modular and configurable software platform based on connected camera technology, vision systems, artificial intelligence, machine learning and telematics, combined with fleet safety modules. It is designed to help fleet operators drive new safety standards across their fleets and drivers. The company says its technology can reduce accidents, improve operational efficiencies and manage compliance. 

“Operating commercial vehicles has become a risky business,” says Michael Menolascino, head of sales, U.S. “Whether operating a large fleet or a handful of light trucks, fleet operators are responsible for the safety and security of vehicle assets and drivers, in addition to ensuring compliance, controlling costs and operating as efficiently as possible. With insurance premiums soaring and nuclear and large-scale court verdicts increasing, U.S. fleets need an intelligent, easy-to-use solution like CameraMatics. I’m excited to bring our cutting-edge technology to US customers.” 

CameraMatics is a member of the American Trucking Associations, Virginia Manufacturers Association and the Virginia Trucking Association.