CameraMatics is a leading Internet of Things (IoT) fleet and vehicle safety technology specialist.

Overview

In 2021, Puma invested €2.4 million of equity to help support expansion in the US and Europe.

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Key Info
Investment
€2.4 million
Location
UK Ireland and US
Sector
Fleet technology
Involvement
2021 onwards

About CameraMatics

CameraMatics’s delivers disruptive technology incorporating AI, machine learning, camera technology, vision systems and telematics to help fleet operators reduce risks and drive new safety standards across their fleet and drivers.

Ideally placed in one of the world’s fastest-growing sectors, CameraMatics has grown steadily since launching and has a number of large-scale opportunities in its pipeline to further accelerate its business growth. This investment will help support additional expansion of the US branch of CameraMatics and drive forward its recent entry into the mainland European market, whilst also enabling further product development.

 

The company’s view

“IoT is the future. With the market growing significantly year-on-year, we are extremely well-placed to continue expanding our business and develop our software solutions.”

Mervyn O’Callaghan, CEO of CameraMatics

Our view

“CameraMatics are leading the way in fleet safety technology solutions and this funding will enable them to strengthen their position in the global market. With the adoption of IoT solutions by the telematics industry accelerating, this investment will position the company to capitalise on the growing market opportunities globally.”

Jane Smith Jonathan Wyles, Investment Director