Powerfleet Expands AI Video Safety Deployment With EverDriven

PowerFleet Inc. (NASDAQ:AIOT) is one of the best small cap tech stocks with biggest upside potential. On June 16, Powerfleet announced an expanded partnership with EverDriven Technologies. EverDriven is increasing its deployment of Powerfleet’s advanced AI video safety solution to enhance student transportation across 34 states.

EverDriven currently has a network of 9,000+ drivers completing more than 2 million trips annually. Due to strong interest from its school district partners, EverDriven will scale its relationship with Powerfleet to ~4,000 subscribers. The CEO of Powerfleet, Steve Towe, highlighted that this growing partnership signifies increasing demand for Powerfleet Unity’s AI-powered safety solutions in North America, which is a top priority market for the company.

Powerfleet Expands AI Video Safety Deployment With EverDriven

A close-up of a hand reaching out to touch a virtual animation, demonstrating the power of the company’s IoT technology.

The CEO of EverDriven, Mitch Bowling, stated that implementing AI video technology represents an advancement in the company’s safety protocols. Powerfleet Unity’s AI video technology uses ML and computer vision to detect critical events, assess driving behavior, and facilitate real-time interventions.

PowerFleet Inc. (NASDAQ:AIOT) provides Internet-of-Things solutions in the US, Israel, and internationally. EverDriven is a prominent provider of alternative student transportation across the US.

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Disclosure: None. This article is originally published at Insider Monkey.