Cavendish is pleased to announce that it has advised Exeros Technologies, a leading AI-powered video telematics company, on securing investment from Pembroke VCT. The funding will support the company’s next phase of growth as it scales its proprietary VideMatics® software platform and strengthens its position in the rapidly expanding intelligent fleet safety market.

Founded in 2009 by CEO Jay Biring and COO Joe Williams, Exeros Technologies designs and installs advanced AI camera and telematics systems for enterprise fleets, emergency services, and local authorities. Its technology helps fleet operators proactively prevent incidents, meet rising compliance standards, and reduce claims — all while supporting safer driving.

With over 200 commercial fleets already using its technology, including the AA, RAC, National Highways and ScottishPower, Exeros’ VideMatics® platform provides real-time insights into driver behaviour and vehicle risk. Fleets have reported up to 62% fewer collisions and 58% lower claim costs, with Exeros systems typically delivering a full return on investment within six to nine months.

The new capital from Pembroke VCT will help Exeros expand its team, advance AI capabilities within the VideMatics® platform, and support wider adoption across safety-conscious fleets. The investment comes as demand accelerates for intelligent video telematics, driven by evolving safety regulations and growing interest in edge-based AI solutions.

Zuleika Salter, Partner and Head of Private Growth Capital at Cavendish, commented:

“Exeros is a standout example of industry experts leveraging AI to deliver real-world impact. It’s been a privilege to work with Jay and Joe.”