What is Platform Science?
Founded in 2015 and headquartered in La Jolla, California, Platform Science is at the forefront of transforming the transportation and logistics industry. The company has developed a comprehensive IoT ecosystem that leverages data streams to provide advanced solutions for supply chain challenges. By partnering with industry leaders, Platform Science offers tools that address critical business needs, moving beyond traditional telematics to create a more connected and data-driven logistics network. Their approach focuses on integrating technology to enhance efficiency and visibility across the entire supply chain.
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, Prologis Ventures, Schematic Ventures, NewRoad Capital Partners, and NewRoad Capital Partners
Series B (2020): $42M led by Schematic Ventures, Cambridge Capital, Daimler, NewRoad Capital Partners, 8VC, and Prologis
Series C (2022): $115M supported by 8VC, Daimler, NextPlay, Prologis, Chimera Investment, and SoftBank Group
Series D (2024): $125M featuring C.R. England, NewRoad Capital Partners, PACCAR, Daimler Truck, 8VC, Cummins, and Prolog Ventures
Key Investors in Platform Science
C.R. England
C.R. England is a prominent refrigerated transportation business with extensive operations across North America and Mexico, indicating a strategic interest in enhancing fleet management and logistics through Platform Science's IoT solutions.
NewRoad Capital Partners
NewRoad Capital Partners is an operator-led investment firm specializing in high-growth companies within the supply chain and logistics technology sectors, aligning with Platform Science's mission to innovate in the industry.
PACCAR
PACCAR, a global technology leader in the design and manufacture of premium commercial vehicles, brings significant industry expertise and a direct pathway for integrating Platform Science's IoT ecosystem into heavy-duty truck operations.
What's next for Platform Science?
The substantial enterprise-level funding and recent strategic investment indicate that Platform Science is poised for significant expansion and further technological development. This capital will likely fuel the scaling of their operations, enhance their IoT platform's capabilities, and broaden their market reach within the global transportation and logistics ecosystem. Investors such as PACCAR, a leader in commercial vehicle manufacturing, and C.R. England, a major refrigerated transportation business, suggest a strategic alignment aimed at integrating Platform Science's technology directly into fleet operations and vehicle infrastructure. This positions the company for accelerated growth and deeper penetration into the market, potentially leading to new product innovations and strategic partnerships.
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