Platform Science Secures $125M in Funding
April 11, 2024, 3:35 pm
San Diego-based Platform Science has successfully secured $125M in funding for its fleet and transportation software. The funding comes from a variety of key players in the industry, including C.R. England, Cummins, Daimler Truck, PACCAR, RyderVentures, and Schneider, as well as financial advisors Activant Capital, BDT & MSD Partners, and Manhattan Venture Partners. Existing investors 8VC, NewRoad Capital Partners, and Prologis Ventures also participated in this growth capital round.
Led by CEO Jack Kennedy, Platform Science is a leader in the connected vehicle market, providing innovative solutions for tracking shipping and logistics. The company's product is used by some of the largest commercial trucking fleets in the world, offering a unified technology platform that enhances efficiency, flexibility, visibility, and productivity.
The Virtual Vehicle® developed by Platform Science has revolutionized the industry, allowing fleets to access real-time data directly on the truck without the need for additional hardware installation. This technology has generated over a trillion data points and 15 billion API calls annually, showcasing its impact on the transportation sector.
Kennedy expressed his excitement about the funding, stating that it will enable the company to accelerate its growth and drive innovation in the commercial transportation sector. The continued support from investors demonstrates confidence in Platform Science's progress and potential for success in the industry.
Led by CEO Jack Kennedy, Platform Science is a leader in the connected vehicle market, providing innovative solutions for tracking shipping and logistics. The company's product is used by some of the largest commercial trucking fleets in the world, offering a unified technology platform that enhances efficiency, flexibility, visibility, and productivity.
The Virtual Vehicle® developed by Platform Science has revolutionized the industry, allowing fleets to access real-time data directly on the truck without the need for additional hardware installation. This technology has generated over a trillion data points and 15 billion API calls annually, showcasing its impact on the transportation sector.
Kennedy expressed his excitement about the funding, stating that it will enable the company to accelerate its growth and drive innovation in the commercial transportation sector. The continued support from investors demonstrates confidence in Platform Science's progress and potential for success in the industry.