Idelic, Inc., a Pittsburgh, PA-based provider of commercial trucking analytics and driver management solutions, closed a $20m Series B funding round.
The round was led by Highland Capital Partners with participation from AXA Venture Partners and previous investors Birchmere Ventures, Origin Ventures, TDF Ventures, and SaaS Venture Capital. In conjunction with the financing, Craig Driscoll of Highland Capital Partners will be joining Idelic’s Board of Directors.
The company intends to use the funds to bolster its engineering and data science teams to continue to produce innovative features for Safety Suite and create additional offerings with insurance partners and sales and marketing operations.
Co-Founded by Hayden Cardiff, Nick Bartel, and Andrew Russell, all Carnegie Mellon University graduates, Idelic provides the Safety Suite®, a comprehensive driver management platform in the transportation industry, integrating data from multiple technology sources into a single system of record that enhances workflows and provides fleet analytics. Safety Suite uses machine learning to turn fleet data into predictive insights that enable fleets to efficiently manage their entire safety operation and identify at-risk drivers before a crash occurs.
FinSMEs
30/03/2021