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home / articles / platform science secures 125m to grow oem partnershi mwn benzinga


SNDR - Platform Science Secures $125M to Grow OEM Partnerships | Benzinga

Platform Science, a provider of connected vehicle solutions, announced on Tuesday a significant milestone in its growth journey, securing $125 million in funding aimed at bolstering its presence in the commercial trucking sector. 

Participating in this round are existing investors 8VC, NewRoad Capital Partners, and Prologis Ventures (NYSE: PLD), joined by new backers Activant Capital, Manhattan Ventures Partners and BDT & MSD Partners.

This expansion round also witnessed participation from Platform Science's strategic allies, including C.R. England, Cummins (NYSE: CMI), and Paccar (NASDAQ: PCAR), all of whom forged partnerships with the company in 2023. 

Additionally, past partners such as Daimler Truck North America (DTNA), RyderVentures (NYSE: R), and Schneider National (NYSE: SNDR) reiterated their support, underscoring the continued momentum of Platform Science's collaborative efforts within the industry.

The company last announced its Series C raise in 2022, led by SoftBank Vision ...

Full story available on Benzinga.com

Stock Information

Company Name: Schneider National Inc.
Stock Symbol: SNDR
Market: NYSE

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