What is Platform Science?
Founded in 2015 and headquartered in La Jolla, California, Platform Science provides a comprehensive IoT ecosystem designed to replace outdated telematics infrastructure. By integrating data streams across the entire transportation and logistics value chain, the company enables fleet operators and supply chain stakeholders to optimize business performance. Its platform serves as a foundational layer for modern logistics, facilitating real-time visibility and operational efficiency for large-scale enterprise clients.
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, Schematic Ventures, Prologis Ventures, NewRoad Capital Partners, and NewRoad Capital Partners
Series B (2020): $42M led by Cambridge Capital, NewRoad Capital Partners, Daimler, Prologis, Schematic Ventures, and 8VC
Series C (2022): $115M supported by NextPlay, 8VC, Prologis, Daimler, SoftBank Group Corp, and Chimera Investment
Series D (2024): $125M featuring 8VC, Cummins, NewRoad Capital Partners, Daimler Truck, Prolog Ventures, PACCAR, and C.R. England
Key Investors in Platform Science
8VC
A leading technology investment firm that backs visionary teams and industry-transforming companies, managing significant capital with a focus on smart enterprise platforms.
NewRoad Capital Partners
An operator-led investment firm specializing in high-growth companies within the supply chain, logistics, and retail technology sectors.
Prologis
A global leader in logistics real estate that invests in technologies supporting the efficiency and sustainability of supply chain and distribution operations.
What's next for Platform Science?
With the successful closure of its latest funding round, Platform Science is well-positioned to accelerate its product development and expand its footprint within the global supply chain market. The strategic backing from industry heavyweights suggests a focus on deepening integration with commercial vehicle manufacturers and enhancing its suite of connected vehicle solutions. As the industry shifts toward autonomous and sustainable transport, Platform Science is expected to leverage this capital to maintain its competitive edge in the rapidly evolving telematics landscape.
See full Platform Science company page
