About Drivewyze
Drivewyze is a company based in Edmonton (Canada) founded in 2011 was acquired by Bestpass in August 2024. Drivewyze has raised $67.5 million across 3 funding rounds from investors including Bestpass, Kayne Anderson Capital Advisors and Emergence Capital. Drivewyze offers products and services including PreClear, Safety+, Drivewyze Free, and e-Inspection. Drivewyze operates in a competitive market with competitors including Bikeep, PrePass, BikeFinder, Berla and Exeros Technologies, among others.
- Headquarter Edmonton, Canada
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Industrial Goods & ManufacturingTransportation, Automotive & Logistics
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- Legal Name Drivewyze Inc.
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Products & Services of Drivewyze
Drivewyze offers a comprehensive portfolio of products and services, including PreClear, Safety+, Drivewyze Free, and e-Inspection.
Service for bypassing weigh stations to save fuel and time.
Premium alerts and coaching to reduce fleet risks and violations.
Free real-time alerts for hazards on trucking routes.
Expedited inspections at weigh stations for efficiency.
People of Drivewyze
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Funding Insights of Drivewyze
Drivewyze has successfully raised a total of $67.5M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $60 million completed in July 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Drivewyze
Drivewyze has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Bestpass, Kayne Anderson Capital Advisors and Emergence Capital.
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Tech focused Early and growth stage VC firm investing in the US
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Investments are made in early-stage technology companies by Inovia Capital.
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Private equity investments are pursued in Europe and the US.
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Investor details for Drivewyze
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Investments & Acquisitions by Drivewyze
Investment portfolio details for Drivewyze
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Financial Statements - Drivewyze
Detailed financials for Drivewyze
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Drivewyze Comparisons
Peer comparison for Drivewyze
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Competitors of Drivewyze
Drivewyze operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Bikeep, PrePass, BikeFinder, Berla and Exeros Technologies, among others.
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Smart parking and storage systems for bicycles are provided.
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Provides weigh station bypass, toll management, and efficiency tools for trucking fleets.
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GPS tracking solutions for fleet owners are delivered through SaaS.
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Provides software and hardware for extracting and analyzing data from vehicle systems.
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Provides vehicle CCTV, telematics, and driver assistance for fleet safety and monitoring.
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Detailed competitors of Drivewyze
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Latest news on Drivewyze
Complete news archive for Drivewyze
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Frequently Asked Questions about Drivewyze
Drivewyze was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Drivewyze is headquartered in Edmonton, Canada. It is registered at Edmonton, Alberta, Canada.
Drivewyze is a funded company, having raised a total of $67.5M across 3 funding rounds to date.
Drivewyze was founded in 2011 in Edmonton, Canada, as a provider of software solutions in the trucking sector. Weigh station alerts and bypass systems are delivered through mobile apps, featuring voice and visual notifications for upcoming inspection sites and weighbridges. These tools enable route avoidance, reducing costs for transportation firms. Operations include a subsidiary focused on intelligent imaging systems, with services accessible via drivewyze.com.
Drivewyze's top competitors include BikeFinder, Bikeep and PrePass.
Drivewyze offers PreClear, Safety+, Drivewyze Free, and e-Inspection.
Drivewyze has 5 investors. Key investors include Bestpass, Kayne Anderson Capital Advisors, Emergence Capital, Inovia Capital, and Sageview Capital.