What is Platform Science?
Founded in 2015 and headquartered in La Jolla, California, Platform Science is at the forefront of replacing legacy telematics solutions with a comprehensive IoT ecosystem. The company leverages data streams throughout the transportation and logistics industry, partnering with key players across the supply chain. Their developed tools are designed to address critical business needs, offering advanced solutions that enhance operational efficiency and data utilization for their clients. Platform Science's focus on an integrated IoT platform positions it as a key innovator in a sector ripe for digital transformation.
How much funding has Platform Science raised?
Platform Science has raised a total of $292M across 4 funding rounds:
Series A
$10M
Series B
$42M
Series C
$115M
Series D
$125M
Series A (2018): $10M with participation from 8VC, NewRoad Capital Partners, NewRoad Capital Partners, Schematic Ventures, and Prologis Ventures
Series B (2020): $42M led by NewRoad Capital Partners, Schematic Ventures, Cambridge Capital, 8VC, Daimler, and Prologis
Series C (2022): $115M supported by SoftBank Group, NextPlay, 8VC, Daimler, Prologis, and Chimera Investment
Series D (2024): $125M featuring Daimler Truck, C.R. England, 8VC, Cummins, PACCAR, Prolog Ventures, and NewRoad Capital Partners
Key Investors in Platform Science
Daimler Truck
Daimler Truck, a prominent manufacturer of trucks and related products, based in Germany, likely provides strategic backing and industry expertise to Platform Science.
C.R. England
C.R. England, a major refrigerated transportation business, offers significant operational insight and potential for integration with Platform Science's logistics solutions.
8VC
8VC is a venture capital firm specializing in smart enterprise platforms, bringing a strong focus on technology investment and a track record of backing transformative companies.
What's next for Platform Science?
The substantial enterprise-level funding Platform Science has garnered, particularly the recent strategic investment, indicates a strong trajectory for scaling its operations and further developing its IoT ecosystem. This capital infusion is likely to fuel product innovation, expand market reach, and strengthen strategic partnerships within the transportation and logistics industry. The company's continued growth suggests a move towards solidifying its market leadership and potentially exploring new avenues for data-driven solutions that address evolving industry challenges.
See full Platform Science company page
