CameraMatics has secured up to €49m in a significant growth funding round
SVV portfolio company Cameramatics closes significant growth funding round following strong revenue growth and major enterprise contract wins
The transaction represents both a successful realisation of initial capital and an opportunity to remain invested as CameraMatics enters its next phase of growth
Wednesday 10 June 2026: CameraMatics, the Dublin-based AI video telematics and fleet intelligence platform, has secured up to €49m in a growth investment led by Blume Equity, alongside the Ireland Strategic Investment Fund (ISIF) and Goodbody Capital Partners (on behalf of AIB). Existing investors including SVV (Sure Valley Ventures), Puma Capital and Enterprise Ireland remain shareholders in the business.
The investment will support international expansion and product innovation as the company scales its platform across the UK, Ireland, Europe and the United States. Funds will be used to accelerate go-to-market expansion, strengthen enterprise sales capabilities, and further invest in AI and sustainability-focused product innovation.
Founded by Mervyn O'Callaghan and Simon Murray, CameraMatics combines AI-driven video intelligence, advanced driver assistance systems and real-time operational analytics to help commercial fleet operators improve safety, reduce operational risk and lower carbon emissions. The company now serves nearly 1,000 fleet customers, supporting operations across thousands of commercial vehicles with more than 150 employees across offices in Dublin, Waterford, London, Amsterdam, Barcelona and the United States.
Over the past two years, CameraMatics has experienced strong momentum in the enterprise fleet segment, where demand for AI-powered safety, compliance and operational efficiency solutions continues to accelerate across logistics, distribution, utilities and infrastructure sectors. Recent contract wins include Royal Mail, Calor Gas, Wolseley, XPO, DFDS, and NASDAQ-listed Installed Building Products, which operates across more than 250 US depots.
For SVV, the transaction represents both a successful realisation of initial capital and an opportunity to remain invested as CameraMatics enters its next phase of growth. With backing from ISIF, Blume Equity and Goodbody, the company is positioned for its next phase of international growth - and SVV is excited to continue supporting that journey as long-term shareholders.
Barry Downes, Managing Partner, SVV: "This funding round is a pivotal moment for CameraMatics and reflects the massive opportunity ahead. Mervyn and Simon have built one of the leading fleet intelligence platforms in the market, and with this new investment, they're now positioned to scale into the world's largest fleet operations across logistics, utilities and critical infrastructure. Watching them grow to nearly 1,000 enterprise customers has been remarkable, and we couldn't be more excited to remain invested and support this next chapter of growth."
Mervyn O'Callaghan, Co-Founder and CEO, CameraMatics: "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.
“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 as a business. Since founding the company, we have delivered strong year-on-year growth, expanded internationally and earned the trust of many of the world's leading fleet operators.
“This investment from Blume Equity, ISIF and Goodbody Capital Partners gives us the capital and strategic support to accelerate our next phase of growth - scaling internationally, deepening our AI capabilities and continuing to invest in technologies that can help change driving standards globally."
