Company Research Report: Platform Science, Inc.

Company Overview

• Name: Platform Science, Inc.

• Mission of the Company: Platform Science's mission is to make transportation smart by building industry-specific solutions to improve the way fleets manage their data.

• Founded: The company was founded in 2015.

• Key People:

• Jake Fields, Co-founder and CTO

• Headquarters: 9620 Towne Centre Drive, Suite 100, San Diego, CA 92121

• Number of Employees: No information is available.

• Revenue of the Company: No information is available.

• What is the Company Known For: Platform Science is known for its Connected Vehicle Platform that provides solutions to future-proof fleet operations. It specializes in helping large fleets transition to modern telematics and fleet management solutions.

Products

Overview

Platform Science offers a wide range of products that focus on telematics, safety, compliance, and productivity for fleet management.

Products Offered

• Connected Vehicle Platform:

• Description: An open, configurable platform designed to grow with fleet needs, offering modern telematics solutions.

• Key Features: Real-time telematics, certified ELD compliance, customizable workflow tools, and easy-to-use navigation.

• Mobile Device Management (MDM):

• Description: Specifically built for the transportation industry, this provides tools for managing all fleet mobile devices.

• Key Features: Secure device management and app monitoring.

• Fleet Management Portal:

• Description: A smart tool for managing daily operations, ensuring efficiency in back-office tasks.

• Key Features: Includes data management, safety, and maintenance solutions.

• Fleet Management Apps:

• Description: Integrative platform for all fleet apps in one place.

• Key Features: Allows for integration with existing apps and third-party applications.

• Enterprise IoT Connectivity:

• Description: Transforms trucks into IoT hubs with integrated connectivity.

• Key Features: 4G LTE, WiFi, satellite GPS tracking, Bluetooth support.

• TrueFuel®:

• Description: A patented software tool for reducing fleet fuel expenses and assessing driver fuel performance.

• Features: Provides real-time insights and predictive analytics.

• DriverAssist™ for Tractor-Trailer Pairing:

• Description: Eliminates mispulls with real-time notifications.

• Key Features: Real-time tractor-trailer pairing notifications.

• eTAT:

• Description: An ELD app to help drivers report labor and sex trafficking.

• Features: Provides tools for identification and reporting.

Recent Developments

• New Partnerships:

• Trimble: Platform Science to acquire Trimble’s Global Transportation Telematics Units to enhance in-cab technology solutions.

• SkyBitz: Partnership to deploy SkyMatch™ on Virtual Vehicle, improving tractor-trailer pairing.

• New Features and Products:

• Integrations: Platform Science incorporated Doran's Tire Pressure Management System, Trimble Maps, and Netradyne's AI-Powered Dash Cam App into their solutions catalog.

• Innovations: Enhanced the capability of Virtual Vehicle Platform with predictive maintenance apps via partnerships with companies like Uptake and Aperia.

• Achievements:

• Awards: Ranked #2 on FreightWaves' FreightTech 25, named to Deloitte Technology Fast 500, and awarded IoT Breakthrough, Fleet Management Platform of the Year.

• Capital Raises:

• Growth Capital: Raised $125 million to expand OEM partnerships and fuel technological advancements.

Conclusion

Platform Science is at the forefront of transforming the fleet management and logistics industries. With their innovative Connected Vehicle Platform, they are positioned to significantly impact fleet efficiency and safety, enabling their clients to harness the power of modern technology for improved operations and sustainability. The company’s forward-thinking approach, combined with strategic partnerships, underlines its potential to disrupt the fleet management sector further.