Platform Science lands one other high-profile investor for its truck telematics
The telematics expertise supplier Platform Science has landed a brand new spherical of monetary backing, asserting that truck producer Paccar has made a “minority fairness funding” within the firm.
Phrases of the deal weren’t disclosed, however the contemporary backing follows a $115 million “collection C” enterprise capital spherical in February that was funded by SoftBank Imaginative and prescient Fund 2 in addition to the truck producer Daimler and a number of other different traders.
Along with supplying on-vehicle fleet administration software program for Daimler vehicles, San Diego-based Platform Science additionally landed a deal in 2022 to put in pill computer systems within the cabs of the 9,000 tractors in Walmart’s personal fleet as a part of a “related truck” initiative.
It is going to now present related expertise for Paccar, a Bellevue, Washington-based firm which supplies design, manufacture, and buyer help of light-, medium- and heavy-duty vehicles below the Kenworth, Peterbilt, and DAF nameplates. And that follows a January settlement for these two corporations to combine Platform Science’s Digital Automobile expertise with the Paccar Join telematics system. Paccar stated that plan will supply Kenworth and Peterbilt clients a standardized telematics working system and utility retailer, enabling clients to entry software program options, real-time car information, and third-party functions instantly from their automobiles.
“Paccar is happy to deepen this strategic relationship by investing in Platform Science. Paccar Join would be the business’s most user-friendly, customizable, and productive related truck answer, and can improve our clients’ agility and working effectivity. We look ahead to launching the system on Kenworth and Peterbilt vehicles in 2024,” John Wealthy, Paccar’s chief expertise officer, stated in a launch.
