Tuesday, April 9, 2024

Platform Science Gets $125M

San Diego-based Platform Science says it has raised $125M in new funding in a growth capital round, for the company's fleet and transportation software. The company said the funding came from C.R. England, Cummins, Daimler Truck, PACCAR, RyderVentures, and Schneider, along with new financial advisors Activant Capital, BDT & MSD Partners, and Manhattan Venture Partners, plus existing investors 8VC, NewRoad Capital Partners, and Prologis Ventures. Platform Science's co-founder and CEO is Jack Kennedy. The company's product is used in the connected vehicle market, used for tracking shipping and logistics.