About Platform Science
Platform Science is a company based in San Diego (United States) founded in 2014 by Jack Kennedy and Jake Fields.. Platform Science has raised $293.07 million across 8 funding rounds from investors including Cummins, Ryder and Mercedes-Benz. Platform Science offers products and services including Virtual Vehicle, PS HOS, PS DVIR, and PS Navigation. Platform Science operates in a competitive market with competitors including Samsara, Radius, Lytx, GreenRoad and Inseego, among others.
- Headquarter San Diego, United States
- Founders Jack Kennedy, Jake Fields
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Sectors
Transportation, Automotive & LogisticsTechnology
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$293.07 M (USD)
in 8 rounds
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Latest Funding Round
$125 M (USD), Series C
Apr 10, 2024
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Investors
Cummins
& 17 more
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Employee Count
Employee Count
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Products & Services of Platform Science
Platform Science offers a comprehensive portfolio of products and services, including Virtual Vehicle, PS HOS, PS DVIR, and PS Navigation. 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.
Platform for managing driver experience and fleet solutions.
App for tracking hours of service compliance in transportation.
Tool for vehicle inspection and maintenance reporting.
App providing routing and navigation for drivers.
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Funding Insights of Platform Science
Platform Science has successfully raised a total of $293.07M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $125 million completed in April 2024. 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 8
- Last Round Series C — $125.0M
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First Round
First Round
(05 Jan 2018)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Series C - Platform Science | Valuation |
investors |
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| Mar, 2023 | Amount | Series C - Platform Science | Valuation | PACCAR |
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| Feb, 2022 | Amount | Series C - Platform Science | Valuation | SoftBank Vision Fund |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Platform Science
Platform Science has secured backing from 18 investors, including institutional and venture fund investors. Prominent investors backing the company include Cummins, Ryder and Mercedes-Benz. 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 fund investing in tech sectors
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Founded Year | Domain | Location | |
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Venture capital firm investing in technology, life sciences, and related sectors.
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Founded Year | Domain | Location | |
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An operator-led investment firm focused on smarter commerce solutions.
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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 Platform Science
| 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 - Platform Science
| 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 |
Platform Science Comparisons
Competitors of Platform Science
Platform Science 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, Radius, Lytx, GreenRoad and Inseego, 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 |
Predictive marketing and sales platform
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| domain | founded_year | HQ Location |
Provider of video telematics and fleet management solutions
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| domain | founded_year | HQ Location |
Fleet telematics and management solutions for safe driving are provided.
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| domain | founded_year | HQ Location |
IoT networking hardware and device management platforms are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Platform Science
Frequently Asked Questions about Platform Science
When was Platform Science founded?
Platform Science was founded in 2014 and raised its 1st funding round 4 years after it was founded.
Where is Platform Science located?
Platform Science is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Who is the current CEO of Platform Science?
Jack Kennedy is the current CEO of Platform Science. They have also founded this company.
Is Platform Science a funded company?
Platform Science is a funded company, having raised a total of $293.07M across 8 funding rounds to date. The company's 1st funding round was a Series C of $115M, raised on Jan 05, 2018.
What does Platform Science do?
Platform Science was founded in 2014 in San Diego, United States, as a provider of integrated solutions in the fleet management sector. IoT-based hardware and a customizable open user interface are offered to enable monitoring and analysis of driver and fleet performance. Compliance is managed through these tools, and data-driven insights are delivered to support operational decisions.
Who are the top competitors of Platform Science?
What products or services does Platform Science offer?
Platform Science offers Virtual Vehicle, PS HOS, PS DVIR, and PS Navigation.
Who are Platform Science's investors?
Platform Science has 18 investors. Key investors include Cummins, Ryder, Mercedes-Benz, PACCAR, and Schneider.
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