Idelic, Inc. has successfully closed a $20 million Series B funding round led by Highland Capital Partners to enhance its innovative Safety Suite® platform for commercial trucking analytics.

Target Information

Idelic, Inc. is a prominent commercial trucking analytics and driver management solutions provider based in Pittsburgh. The company has successfully closed its Series B funding round, raising $20 million. This round was led by Highland Capital Partners, with participation from AXA Venture Partners and existing investors such as Birchmere Ventures, Origin Ventures, TDF Ventures, and SaaS Venture Capital. Additionally, Craig Driscoll from Highland Capital Partners will be joining Idelic’s Board of Directors as part of this financing deal.

Idelic aims to enhance the safety and efficiency of trucking operations by preventing accidents, alleviating driver turnover, reducing insurance costs, and ultimately saving lives. Their flagship product, Safety Suite®, is regarded as the most comprehensive driver management platform in the transportation sector, integrating data from numerous technology sources into a single cohesive system. This platform improves workflows and delivers exceptional fleet analytics, utilizing machine learning to transform fleet data into predictive insights that help identify at-risk drivers before accidents occur.

Industry Overview

The commercial trucking industry plays a vital role in supporting economies worldwide, including in the United States, where it is a major contributor to logistics and supply chain activities. As the demand for efficient transport services rises, comp