Platform Science

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Platform Science offers IoT-based telematics and fleet management solutions for parties such as connected trucks and freight companies. Its flagship product “Virtual Vehicle,” is an open-source OEM platform that allows fleets to customize their software by giving telematics providers, third-party developers, and other parties access to real-time data directly from the vehicle. Its other internally developed driver apps include “PS Workflow,” to automate dispatch; “PS Navigation,” for route planning; “PS DVIR,” a driver vehicle inspection report for drivers to keep track of reported vehicle defects; “PS Messages,” a driver-focused messaging application; “PS Media Manager,” a digital dashboard for file sharing; “PS Form Manager,” a configurable form management application; and “PS HOS,” an electronic logging device (ELD) application.

The company’s hardware products, which are in-vehicle tablets and telematics that are either built-in or installed later, work in tandem with software solutions to compute the fleet’s data in real time.

Its business model for fleets involves a usage-based billing system that charges only for mobile devices and trucks that use the platform.

In September 2024, Platform Science announced a definitive agreement with Trimble, a technology, to acquire Trimble's global transportation telematics business units with plans to strengthen its “Virtual Vehicle,” fleet management platform by enabling its customers to access Trimble's portfolio of transportation solutions via the platform. 

Key customers and partnerships

Platform Science’s customers include Werner Enterprises, Schneider National, Western Express, US Xpress, Cargo Transporters, Walmart, Paper Transport, Mesilla Valley Transportation, Velocity Truck Rental & Leasing, and C.R. England. Truck makers such as Daimler Trucks North America (July 2020) Navistar (March 2021), PACCAR (January 2023), and Kenworth (Feebruary 2023) also have partnerships with the company to factory install the technology into their trucks.

The company also has integrations with other technology providers including 1) bypass and tolling service providers Drivewyze, PrePass, and Bestpass Toll Management; 2) fuel management companies Comdata Proximity, Idle Smart Sleeper Pro, ProMiles, True Fuel, and DClimate; 3) driver experience providers Aperia, Weigh My Truck App, Keystone by Irdeto, Driver.i, and Luma Brighter Learning; 4) maintenance services providers Uptake, IntelliConnect Remote Diagnostics, Droan, Nemodata, TripVision, FleetAssist, and RoadsBays; 4) navigation service providers Sygic, CoPilot, Wise Systems Platforms, and CAT Scale; 5) transport management systems (TMS) McLeod, TMW.Suite, and Mastery; and 6) the asset management solution company SkyBitz.


HQ location:
9560 Towne Centre Dr Suite 200 San Diego CA USA
Founded year:
2015
Employees:
251-500
IPO status:
Private
Total funding:
USD 322.7 mn
Last Funding:
USD 125.0 mn (Series D; Apr 2024)
Last valuation:
USD 575.0 mn (Feb 2022)
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