Idelic, Inc., a Pittsburgh-based leader in commercial trucking analytics and driver management solutions, has announced the close of its Series B fundraising round, a $20 million raise led by Highland Capital Partners with participation from AXA Venture Partners. Additional participants in the round included 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.
Hayden Cardiff, Idelic CEO, talks about the new round and how Idelic makes trucking safer and more efficient by preventing accidents, reducing driver turnover, lowering insurance costs, and—most importantly—saving lives. Their flagship product, Safety Suite®, is the most 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 unparalleled fleet analytics. Safety Suite uses machine learning to turn fleet data into truly predictive insights that enable fleets to efficiently manage their entire safety operation and identify at-risk drivers before a crash occurs.