# Drivewyze

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/drivewyze

- Industry: Software
- Headquarters: Plano, US
- Website: www.drivewyze.com
- Total disclosed funding: $7.5M
- Latest round: Series A (Aug 22, 2013)
- Investors on record: 2

## About

Based in the US, Drivewyze, Inc. provides innovative technology solutions aimed at enhancing the safety and efficiency of commercial trucking operations for fleet operators and government agencies.Drivewyze, Inc. specializes in providing weigh station bypass services and safety solutions for the trucking industry. Founded in 2011 and headquartered in Plano, US, the company has executed 5 deals to date. The most recent funding round was a Growth round on August 2, 2024, led by Sageview Capital, raising a total of CAD 81.70 mn. The CEO, Brian Heath, is noted for his leadership in the company’s strategic direction.Drivewyze offers a suite of products designed to improve the safety and operational efficiency of commercial trucking. Their flagship service, Drivewyze PreClear, enables trucks to bypass weigh stations at over 900 locations across North America, which helps in reducing fuel costs and travel time. Additionally, the company provides in-cab safety coaching and proactive alerts that inform drivers of hazards and operational risks, addressing critical needs within the commercial trucking sector.Drivewyze generates revenue primarily from subscription-based models for its services, including Drivewyze PreClear. Clients engage through annual or monthly subscriptions, gaining access to weigh station bypass and real-time safety alerts. The company collaborates with over 40 telematics and ELD providers, which enhances its integration into existing fleet management systems, supporting a B2B revenue model with a focus on long-term contracts with commercial fleets.In August 2024, Drivewyze, Inc. was acquired by Bestpass, Inc., which will allow them to expand service offerings across tolling, weigh station bypass, compliance, and safety for commercial fleets. The acquisition aims to strengthen the company’s position in the market by providing a more comprehensive suite of services. Future initiatives include the development of new products aimed at enhancing fleet operations and safety as well as exploring expansion opportunities into new geographic markets, although specific regions and product details have not yet been disclosed.

## Funding rounds

- Series A, Aug 22, 2013, $7.5M — Inovia Capital, Emergence Capital

## Investors

- Inovia Capital (https://capitalatlas.ai/funds/inovia-capital) — Series A
- Emergence Capital (https://capitalatlas.ai/funds/emergence-capital) — Series A