What is Platform Science?
Founded in 2015 and headquartered in La Jolla, California, Platform Science provides a comprehensive IoT ecosystem designed to capture and utilize critical data streams throughout the transportation industry. The company's platform serves as a foundational layer for fleet management, enabling real-time visibility and operational efficiency. By partnering with major supply chain stakeholders, Platform Science delivers scalable tools that address complex business requirements, effectively positioning itself as a critical utility for modern logistics operations. The company's ability to integrate seamlessly with existing hardware and software environments has made it a preferred partner for large-scale enterprise fleets seeking to optimize their performance through advanced analytics.
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, Prologis Ventures, and Schematic Ventures
Series B (2020): $42M led by Cambridge Capital, Daimler, 8VC, Prologis, Schematic Ventures, and NewRoad Capital Partners
Series C (2022): $115M supported by NextPlay, 8VC, SoftBank Group Corp, Chimera Investment, Daimler, and Prologis
Series D (2024): $125M featuring NewRoad Capital Partners, PACCAR, Daimler Truck, Prolog Ventures, 8VC, Cummins, and C.R. England
Key Investors in Platform Science
8VC
8VC is a prominent technology investment firm that focuses on backing visionary teams and industry-transforming companies, particularly within the logistics and smart enterprise platform sectors.
NewRoad Capital Partners
NewRoad Capital Partners is an operator-led investment firm specializing in high-growth companies within the supply chain, logistics, and retail technology sectors.
PACCAR
PACCAR Inc. is a global technology leader in the design and manufacture of premium commercial vehicles, with a strong commitment to connected vehicle solutions and innovation.
What's next for Platform Science?
With the infusion of capital from its recent Series D round, Platform Science is well-positioned to scale its operations and deepen its technological moat. The company is expected to focus on expanding its product suite, enhancing its predictive analytics capabilities, and strengthening its strategic partnerships with global commercial vehicle manufacturers. As the logistics industry faces increasing pressure to adopt sustainable and autonomous technologies, Platform Science's infrastructure will likely serve as the backbone for next-generation fleet management solutions. The continued support from major industry players suggests a long-term trajectory toward market dominance in the connected vehicle space.
See full Platform Science company page
