About Idelic
Idelic is a company based in Pittsburgh (United States) founded in 2016 by Hayden Cardiff.. Idelic has raised $31.31 million across 4 funding rounds from investors including AXA Venture Partners, Highland Capital Partners and Origin Ventures. The company has 58 employees as of December 31, 2022. Idelic offers products and services including Safety Suite, Integrations, and Predictive Analytics. Idelic operates in a competitive market with competitors including Samsara, Sedgwick, Platform Science, Wright Express and Radius, among others.
- Headquarter Pittsburgh, United States
- Employees 58 as on 31 Dec, 2022
- Founders Hayden Cardiff
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Sectors
Financial ServicesTechnology Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Idelic Inc
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Annual Revenue
$00as on Oct 11, 2017
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Net Profit
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EBITDA
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Total Equity Funding
$31.31 M (USD)
in 4 rounds
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Latest Funding Round
$20 M (USD), Series B
Mar 25, 2021
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Investors
AXA Venture Partners
& 8 more
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Employee Count
58
as on Dec 31, 2022
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Products & Services of Idelic
Idelic offers a comprehensive portfolio of products and services, including Safety Suite, Integrations, and Predictive Analytics. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Integrates fleet data for risk detection and accident prevention.
Connects with partners to centralize driver information across systems.
Analyzes data against accidents for actionable driver risk insights.
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Funding Insights of Idelic
Idelic has successfully raised a total of $31.31M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in March 2021. 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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $20.0M
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First Round
First Round
(11 Oct 2017)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series B - Idelic | Valuation | Highland Capital Partners | |
| Sep, 2019 | Amount | Series A - Idelic | Valuation | Origin Ventures | |
| Oct, 2018 | Amount | Seed - Idelic | Valuation | Bain Capital Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Idelic
Idelic has secured backing from 9 investors, including venture fund investors. Prominent investors backing the company include AXA Venture Partners, Highland Capital Partners and Origin Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investment and entrepreneur support services.
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Founded Year | Domain | Location | |
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Seed and early-stage investments are focused on French tech firms.
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Founded Year | Domain | Location | |
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VC firm investing in the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Idelic
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Idelic
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Idelic Comparisons
Competitors of Idelic
Idelic 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 Samsara, Sedgwick, Platform Science, Wright Express and Radius, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners.
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| domain | founded_year | HQ Location |
Claims administration, loss adjusting, and benefits management services are provided.
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| domain | founded_year | HQ Location |
Provider of integrated solutions for fleet management
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| domain | founded_year | HQ Location |
Employee benefit administration and payment solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Predictive marketing and sales platform
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| domain | founded_year | HQ Location |
Cloud-based fleet management solutions are provided for transportation operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Idelic
Frequently Asked Questions about Idelic
When was Idelic founded?
Idelic was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Idelic located?
Idelic is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Is Idelic a funded company?
Idelic is a funded company, having raised a total of $31.31M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Oct 11, 2017.
How many employees does Idelic have?
As of Dec 31, 2022, the latest employee count at Idelic is 58.
What does Idelic do?
Idelic was founded in 2016 in Pittsburgh, United States, within the transportation technology sector. Enterprise software solutions are developed for truck fleets, addressing safety, compliance, and risk management. The Safety Suite is utilized to automate compliance tasks, integrate systems, and deliver analytics on drivers, terminals, and operations. An AI-based safety assistant is also offered, employing predictive analytics to support accident reduction, driver retention, and cost management.
Who are the top competitors of Idelic?
Idelic's top competitors include Samsara, Sedgwick and Wright Express.
What products or services does Idelic offer?
Idelic offers Safety Suite, Integrations, and Predictive Analytics.
Who are Idelic's investors?
Idelic has 9 investors. Key investors include AXA Venture Partners, Highland Capital Partners, Origin Ventures, SaaS Ventures, and TDF Ventures.