Platform Science, a provider of IoT-based fleet management solutions, has raised USD 125 million in a growth funding round, led by 8VC, NewRoad Capital Partners, and Prologis Ventures. The funding round brings the company's total capital raised to USD 309 million.
The funds will be used to accelerate the addition of more original equipment manufacturer (OEM) partners, increase the number of on-vehicle applications for the company's technology, and increase the number of service partnerships.
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