Friday, March 02, 2007

Unbelievable Funding of the Day: $28 Million For Bad Drivers Caught On Tape

I'm probably being unfair or missing something, but does this strike anyone else as insane?

San Diego, Calif.
DriveCam Raises $28M To Monetize Risky Driver Data
DriveCam Inc., a company that has captured thousands of risky drivers on video tape, has now captured a $28 million round of venture capital funding to an alyze the predictors of dangerous driving.
http://www.drivecam.com

Of course, this is still nothing compared to the excesses of the previous boom. Back then, $28 million was a seed round!

3 comments:

Zoli Erdos said...

Do they have a few VC Partners on tape? :-)

Chris said...

You know what they say, when you have a Ferarri, there's no sense in obeying the speed limit.

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