Platform Science

Platform Science

Fleet management and telematics solutions provider

About Platform Science

Simplify's Rating
Why Platform Science is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

Industries

Automotive & Transportation

Enterprise Software

Company Size

501-1,000

Company Stage

Late Stage VC

Total Funding

$350.1M

Headquarters

San Diego, California

Founded

2015

Overview

Platform Science offers a configurable open platform for the transportation industry, focusing on telematics and fleet management solutions. Their products include a connected vehicle platform, mobile device management, and a fleet management portal, which help large fleet operators transition from outdated systems to more advanced technology. These tools enable operators to manage mobile devices and applications, monitor performance, and streamline daily operations through a single portal that includes data, safety, and maintenance features. Unlike competitors, Platform Science emphasizes ease of use and quick deployment, making it accessible for clients. The goal is to enhance efficiency, improve the driver experience, and ensure that fleet operations are prepared for future challenges.

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Simplify's Take

What believers are saying

  • Platform Science raised $125 million to accelerate innovation in transportation.
  • Partnerships with OEMs and companies like Averitt enhance their market position.
  • ISO 27001 certification boosts trust and compliance in fleet management.

What critics are saying

  • Emerging IoT fleet management startups increase competition in the market.
  • Economic downturns may reduce investment in fleet management technologies.
  • Reliance on OEM partnerships poses risks if relationships are disrupted.

What makes Platform Science unique

  • Platform Science offers a configurable open platform for modern telematics solutions.
  • The company provides enterprise-grade applications tailored for large fleet operators.
  • Platform Science's platform is easy to use and ready out of the box.

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Funding

Total Funding

$350.1M

Above

Industry Average

Funded Over

6 Rounds

Notable Investors:
Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Paid Sick Leave

Paid Holidays

Parental Leave

Growth & Insights and Company News

Headcount

6 month growth

-24%

1 year growth

-24%

2 year growth

-22%
Business Wire
Aug 28th, 2024
Platform Science Achieves ISO 27001 Certification

Platform Science was named by Fast Company as one of the World's Most Innovative Companies and has twice been ranked #2 in the FreightTech 25 Awards by industry news leader FreightWaves.

Fortune
Apr 10th, 2024
Exclusive: Inside Wiz's acquisition of Gem Security

Exclusive: inside Wiz's acquisition of Gem Security.

Business Wire
Apr 10th, 2024
Platform Science Raises $125 Million in Growth Capital

Platform Science, the leading edge application platform for transportation, announced today that it raised $125 million in growth capital to accelerat

Business Wire
Apr 9th, 2024
Platform Science Raises $125 Million In Growth Capital

SAN DIEGO--(BUSINESS WIRE)--Platform Science, the leading edge application platform for transportation, announced today that it raised $125 million in growth capital to accelerate innovation in the commercial transportation sector. Key strategic investors included C.R. England, Cummins, Daimler Truck, PACCAR, RyderVentures, and Schneider. New financial investors included Activant Capital, BDT MSD Partners, and Manhattan Venture Partners. Platform Science also had strong participation from existing investors, including 8VC, NewRoad Capital Partners, and Prologis Ventures, underscoring their commitment to the company’s growth plans. “By including our software as a native component of the vehicle, we’re making it as easy for developers to build applications for drivers and fleets as it is to build them for smartphones

FreightWaves
Apr 9th, 2024
Platform Science secures $125M to grow OEM partnerships

Platform Science has also recently announced partnerships with LTL provider Averitt in August and truckload transportation company Cheema Freightlines in December.

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