IIS/Drivewyze Announced $60M Investment from Sageview Capital
Gunderson Dettmer represented client Intelligent Imaging Systems Inc. (IIS) and its wholly owned subsidiary Drivewyze Inc., the leading providers of safety and efficiency solutions for the transportation industry in North America, in its $60 million investment from Sageview Capital, a growth capital firm investing in leading tech-enabled businesses.
In the announcement of the transaction President and CEO of IIS Brian Heath said, “We are very excited to have Sageview Capital partner with us to accelerate our company’s growth plans. Our strategy is to leverage the connected truck platform we’ve built and use it to revolutionize transportation safety and efficiency. We look forward to reaching new heights of success.”
The Gunderson deal team was led by Brian Patterson and included Mark Foster, Maggie White, Michael Richman, Lily Kim, Sogoal Salari, Jesse Birbach, Andrew Person, Elaine Sylvester and Jamie Firth.