Platform Science secures $125 million in growth funding

Platform Science secures $125 million in growth funding

Platform Science, headquartered in San Diego, CA, has secured $125 million in growth funding for their edge application platform for transportation. The investors in this round include prominent names such as C.R. England, Cummins, Daimler Truck, PACCAR, and Schneider, among others.

The company plans to utilize this funding to drive innovation in the commercial transportation industry. Their CEO, Jack Kennedy, leads Platform Science in providing enterprise fleets with a unified technology platform that simplifies the development, deployment, and management of mobile devices and applications on commercial vehicles. This platform gives fleets a competitive edge by improving efficiency, flexibility, visibility, and productivity.

Platform Science’s Virtual Vehicle® technology allows fleets to access all signals directly on the truck itself, without the need for aftermarket hardware installation. This technology has been adopted by major commercial trucking fleets like C.R. England, Covenant, Schneider, and Werner Enterprises. Fleets can benefit from a seamless driver experience that integrates applications from telematics providers, third-party developers, OEMs, shippers, and the fleets themselves.

Collaborating with leading OEMs like Daimler Truck North America, Navistar, and PACCAR, Platform Science’s Virtual Vehicle has already generated a significant amount of data points and API calls over billions of miles logged.

In response to the funding news, Jack Kennedy expressed excitement about the company’s growth potential and the opportunity to drive innovation in the transportation industry. The support from investors is a testament to Platform Science’s progress and the potential for future success.

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