Waterford based CameraMatics Secures up to €49m Investment from Blume Equity, Ireland Strategic Investment Fund and Goodbody Capital Partners

10 June 2026

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Dublin, Ireland – June 10th 2026 – CameraMatics, the Irish-founded AI-powered video telematics and fleet intelligence platform, today announces a significant growth investment from a consortium led by Blume Equity, alongside the Ireland Strategic Investment Fund (ISIF) and Goodbody Capital Partners (on behalf of AIB).

The up to €49m investment will support the next phase of CameraMatics’ international expansion and continued product innovation as the company scales its AI-powered fleet safety and operations platform across the UK, Ireland, Europe and the United States.

Founded in 2016 by fleet industry veterans Mervyn O’Callaghan and Simon Murray, CameraMatics has built one of the leading connected fleet intelligence platforms in the market, combining 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.

CameraMatics’ mission is to reduce driving and work-related accidents to zero by transforming driver behaviour, improving fleet visibility and raising driving standards globally through advanced AI-powered technology. The company continues to invest heavily in innovation, machine learning, predictive safety technologies and connected fleet intelligence solutions designed to reshape commercial driving standards worldwide.

The company has delivered consistently strong revenue growth since its founding, expanding its customer base across international and domestic markets and securing leading blue-chip customers, accelerating enterprise adoption. Now serving nearly 1,000 fleet customers,CameraMatics supports operations across thousands of commercial vehicles throughout the UK, Ireland, mainland Europe and the United States. The company employs more than 150 people across offices in Dublin, Waterford, Darlington, London, Amsterdam, Barcelona and the United States.

Recent enterprise contract wins include major organisations such as Royal Mail, Calor Gas, Wolseley, XPO and DFDS, while in the United States the company has expanded significantly through deployments with NASDAQ-listed Installed Building Products (IBP), which operates across more than 250 depots nationwide.

Over the past two years, CameraMatics has experienced particularly 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.

The investment will be used to accelerate CameraMatics’ go-to-market expansion, strengthen its enterprise sales and customer success capabilities, further invest in AI and sustainability-focused product innovation, and support the company’s continued growth across North America and mainland Europe.

Existing investors including Puma Growth Partners, Sure Valley Ventures and Enterprise Ireland will remain shareholders in the business, Salica Investments continue to support the growth of CameraMatics with the continuation of debt finance.

Co-founders Mervyn O’Callaghan and Simon Murray will continue to lead the company’s long-term growth strategy. AGC Partners advised the existing shareholders on the transaction.

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.”

About CameraMatics

CameraMatics is an Irish-headquartered AI-powered video telematics and fleet intelligence platform founded in 2016 by Mervyn O’Callaghan and Simon Murray. The company provides commercial fleet operators with real-time video intelligence, advanced driver assistance systems, driver behaviour analytics and fleet management solutions that improve safety, reduce risk and optimise operational efficiency.

CameraMatics’ mission is to reduce driving and work-related accidents to zero through the use of AI, automation and connected vehicle technology. The company continues to invest significantly in advanced safety technologies designed to improve driver behaviour and help raise driving standards globally.

CameraMatics serves approximately 1,000 customers across the UK, Ireland, Europe and the United States, including major enterprise fleets operating in logistics, distribution, utilities and infrastructure sectors. The company has delivered consistent year-on-year revenue growth since inception and is on track to exceed €30 million in contracted recurring revenue in 2026.

Headquartered in Dublin, CameraMatics also operates from offices in Waterford, Darlington, London, Amsterdam, Barcelona and the United States.