CameraMatics Raises $57M to Scale AI Fleet Safety Tech

Jan de Vries · 2026-06-11

CameraMatics, a Dublin-based AI-powered video telematics and fleet intelligence platform, has secured up to $57 million (€49 million) in investment to fuel its next phase of international expansion and product innovation as it scales across the UK, Ireland, Europe, and the US. The funding round was led by Blume Equity, with participation from the Ireland Strategic Investment Fund (ISIF) and Goodbody Capital Partners (on behalf of AIB). ### A Landmark Moment for Fleet Safety “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. Founded in 2016 by O’Callaghan and Simon Murray, CameraMatics helps fleets reduce risks, cut costs, and run more efficiently. Its connected platforms blend AI-driven video intelligence, driver assistance systems, and real-time operational analytics to improve safety, lower operational risk, and reduce carbon emissions. ### Real-World Impact Across Continents “Every day, our technology is helping fleet operators prevent accidents, improve driver behaviour and ultimately save lives on roads and worksites across multiple countries. That purpose continues to drive everything we do,” added O’Callaghan. The company reports strong year-on-year growth, international expansion, and growing trust from leading fleet operators. Recent enterprise wins include Royal Mail, Calor Gas, Wolseley, XPO, and DFDS. In the US, CameraMatics has deployed with NASDAQ-listed Installed Building Products (IBP), which operates in over 250 depots nationwide. ### Key Numbers and Reach - Serves nearly 1,000 fleet customers. - Supports thousands of commercial vehicles across the UK, Ireland, Europe, and the US. - Employs over 150 people across offices in Dublin, Waterford, Darlington, London, Amsterdam, Barcelona, and the US. ### Why Investors Are Betting Big Eleanor Blagbrough, co-founding Partner at Blume Equity, said: “Mervyn, Simon and the team have built something genuinely impressive in a large and growing market. CameraMatics has established itself as a clear category leader within the rapidly growing video telematics and connected fleet market. The company combines strong technology differentiation with impressive commercial execution, evidenced by its sustained growth trajectory, blue-chip customer base and accelerating international expansion.” She added: “Video telematics is at a tipping point as fleet operators increasingly recognise the operational, safety and sustainability benefits of connected fleet technology. We are particularly excited by the company’s long-term mission to use AI and connected fleet intelligence to materially improve global road safety outcomes.” ### What’s Next for CameraMatics The company plans to use the fresh capital to: - Accelerate go-to-market expansion. - Strengthen enterprise sales and customer success capabilities. - Invest further in AI and sustainability-focused product innovation. - Support continued growth across North America and mainland Europe. Existing investors, including Puma Growth Partners, Sure Valley Ventures, and Enterprise Ireland, also participated in the round.