# Platform Science

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/platform-science

- Industry: Software
- Headquarters: San Diego, US
- Website: www.platformscience.com
- Total disclosed funding: $168M
- Latest round: Series C (Feb 3, 2022)
- Investors on record: 11

## About

Based in the US, Platform Science, Inc. offers advanced enterprise fleet telematics solutions that enhance operational efficiency for transportation and logistics companies through a comprehensive Software as a Service (SaaS) management platform.Platform Science, Inc. was founded in 2015 in San Diego, US, by Jack Kennedy and Jake Fields. The company specializes in fleet telematics solutions and has completed a total of 9 funding deals. Its latest funding round was a GROWTH round, in which it raised USD 125.00 mn from investors including 8VC, Activant Capital, and Cummins Inc. There are no known subsidiaries or parent companies associated with Platform Science.Platform Science specializes in enterprise fleet telematics solutions, primarily delivered through a Software as a Service (SaaS) management platform. This platform includes a suite of applications that improve fleet management efficiency by offering real-time telematics insights for better planning, monitoring, and operational responsiveness. Key offerings include tools for driver training, Electronic Logging Device (ELD) compliance, vehicle asset tracking, and driver applications, designed to streamline the daily operations of drivers and fleet managers. Major clients include Cheema Freightlines, Mesilla Valley Transportation, and U.S. Xpress, utilizing these solutions to enhance fleet operations across North America.Platform Science generates revenue primarily through subscription fees for its SaaS platform, which includes various integrated applications and services. Clients enter subscription agreements for access to the platform's full features, structured as annual or monthly plans, often with tiered pricing based on the number of vehicles or users. Flagship services like the Connected Vehicle platform provide a comprehensive telematics solution that boosts fleet performance and driver satisfaction, fostering long-term partnerships with clients reliant on these advanced solutions for operational efficiency and compliance.Platform Science, Inc. is focusing on future growth through the development of new products to enhance its SaaS offerings. The company aims to expand into additional markets in North America, targeting geographical regions that have yet to adopt its telematics solutions. Recent funding from the GROWTH round will support these initiatives, allowing for increased product development and market penetration. The firm is also looking at potential partnerships that could help facilitate its expansion into new territories and improve service delivery.

## Funding rounds

- Series C, Feb 3, 2022, $115M — Prologis, Mercedes-Benz Group AG, Next Legacy Partners, 8VC, SB Investment Advisers, Chimera Capital, Four More Capital
- Series B, May 5, 2020, $42M — Prologis, Daimler Truck North America Pension Plan, NewRoad Capital Partners, Cambridge Capital, 8VC, Schematic Ventures
- Series A, Jul 18, 2018, $7M — Prologis, NewRoad Capital Partners, 8VC, Schematic Ventures
- Series A, Dec 21, 2017, $4.1M — Prologis, 8VC, Schematic Ventures

## Investors

- Prologis (https://capitalatlas.ai/funds/prologis) — Series A, Series B, Series C
- 8VC (https://capitalatlas.ai/funds/8vc) — Series A, Series B, Series C
- Schematic Ventures (https://capitalatlas.ai/funds/schematic-ventures) — Series A, Series B
- NewRoad Capital Partners (https://capitalatlas.ai/funds/newroad-capital-partners) — Series A, Series B
- Daimler Truck North America Pension Plan — Series B
- Cambridge Capital (https://capitalatlas.ai/funds/cambridge-capital) — Series B
- Mercedes-Benz Group AG — Series C
- Next Legacy Partners (https://capitalatlas.ai/funds/next-legacy-partners) — Series C
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series C
- Chimera Capital (https://capitalatlas.ai/funds/chimera-capital) — Series C
- Four More Capital (https://capitalatlas.ai/funds/four-more-capital) — Series C