Idelic, a Pittsburgh, PA-based data and analytics company focused on improving safety in the commercial/industrial transportation industry, closed an $8M Series A financing.
The round was led by Origin Ventures with participation from TDF Ventures, Birchmere Ventures, Bain Capital Ventures, and SaaS Venture Capital. In conjunction with the financing, Scott Stern of Origin Ventures and Matt Bressler of TDF Ventures joined Idelic’s Board of Directors.
The company intends to use the funds to grow its engineering and sales teams.
Led by Hayden Cardiff, CEO, Nick Bartel, COO, Andrew Russell, Lead Architect, Idelic provides a software-as-a-service (SaaS) safety and risk management platform for the transportation industry. The solution integrates all fleet systems into a single data management platform, giving fleet managers visibility into driver behavior and safety operations.
Idelic allows fleet managers to prevent accidents, reduce turnover, and lower insurance costs with its Driver Watch List, utilizing advanced proprietary machine learning technologies to predict drivers who are at risk for accidents.