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§ Private Profile · 395 Federal 06958 St, Pittsburgh, Pennsylvania, 15212, United States
Software platform for commercial trucking fleets and insurers, using machine learning to predict accidents and manage driver safety.
Idelic, based in Pittsburgh, Pennsylvania, develops the Safety Suite, a software platform that aggregates trucking data and employs machine learning to predict accidents and proactively manage driver safety for commercial fleets. This B2B SaaS solution helps transportation companies improve safety culture, reduce insurance costs, and address driver turnover by analyzing critical risk data for their fleets. Idelic secured $20 million in Series B funding in March 2021, led by Highland Capital Partners, with participation from AXA Venture Partners, Birchmere Ventures, and Origin Ventures. Craig Driscoll of Highland Capital Partners joined the board. The platform specifically serves the commercial trucking and transportation industry, catering to fleets of all sizes. Idelic was founded in 2016 by Hayden Cardiff, Nick Bartel, and Andrew Russell.
Idelic has raised $33.0M across 5 funding rounds.
Idelic has raised $33.0M in total across 5 funding rounds.
Idelic has raised $33.0M across 5 funding rounds. Most recently, it raised $20.0M Series B in March 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2021 | $20M Series B | Highland Capital Partners | Black Tech Nation Ventures, CRV, Drive Capital, Menlo Ventures, Oceans, WYC Grousbeck, AXA Venture Partners, Birchmere Ventures, Origin Ventures, SaaS Ventures, TDF Ventures | Announced |
| Sep 1, 2019 | $8M Series A | Scott Stern | Black Tech Nation Ventures, Drive Capital, Bain Capital Ventures, Birchmere Ventures, SaaS Ventures, Matthew Bressler | Announced |
| Nov 10, 2018 | $2M Venture Round | Kevin Zhang | Birchmere Ventures, M25, SaaS Ventures, TDF Ventures | Announced |
| Nov 1, 2018 | $2M Seed | Bain Capital Ventures | Black Tech Nation Ventures, Drive Capital, Birchmere Ventures, M25, SaaS Ventures, TDF Ventures | Announced |
| Sep 1, 2017 | $1M Seed | Sean Sebastian | Black Tech Nation Ventures, Drive Capital, M25, McCune Capital | Announced |
Idelic is a Pittsburgh-based software company providing a comprehensive driver management platform and safety-focused solutions for fleets in industries like transportation, oil & gas, construction, food & grocery, and life sciences.[1][2][3] It builds Safety Suite, a scalable platform that integrates data from existing vendors to deliver driver scorecards, business intelligence via SafeView, predictive risk analytics, and coaching tools, serving transportation companies, fleets, and insurers to reduce accidents, manage data overload, mitigate risks, and improve efficiency.[1][2][3] By enabling data-driven decisions, Idelic addresses key pain points like budget constraints, ineffective coaching, and risk blindness, with strong growth evidenced by $22.4M in total funding (including a recent $20M round), 95 employees, and $20M revenue.[2]
Idelic, headquartered in Pittsburgh, Pennsylvania, operates as a software development firm with 51-200 employees, focusing on fleet safety since its early days as a young tech startup.[1][2][4] Key leadership includes the CEO & Co-Founder, alongside executives like VP of Marketing and VP of People Operations, though specific founding year and founder backgrounds are not detailed in available sources.[2] Pivotal moments include raising nearly $20M in funding, launching Driver Scorecards with robust integrations and customization, introducing SafeView for safety analytics, and debuting a first-to-market Safety Suite for insurers to tackle risk selection and monitoring.[2] These releases mark its evolution from a trucking management platform to a broader safety ecosystem.[4]
Idelic rides the wave of fleet safety and telematics growth, fueled by rising commercial vehicle accidents, regulatory pressures for safer roads, and insurer demands for data-driven underwriting in a $800B+ trucking industry.[1] Its timing aligns with post-pandemic supply chain strains and AI-powered predictive analytics trends, where fragmented data from ELDs, telematics, and MVRs creates opportunities for unified platforms like Safety Suite.[3] Market forces favoring Idelic include escalating insurance costs (up 20-30% annually for fleets) and labor shortages, driving adoption of tools that cut risks by 20-50% via proactive coaching and analytics.[2][3] By empowering fleets and insurers, Idelic influences the ecosystem, standardizing safety tech and accelerating digital transformation in transportation software.[1][4]
Idelic's trajectory points to aggressive expansion in predictive safety AI, deeper insurer integrations, and potential acquisitions to broaden its vendor ecosystem, capitalizing on its $20M funding for R&D and market penetration.[2] Trends like autonomous trucking regulations, ESG-driven safety mandates, and real-time IoT data will amplify demand, potentially doubling its revenue as fleets prioritize collision avoidance amid economic volatility. Its influence may evolve from niche fleet provider to industry standard-setter, reshaping risk management and tying back to its core mission of safer, more efficient roads through data mastery.[1][3]
Idelic has raised $33.0M in total across 5 funding rounds.
Idelic's investors include Highland Capital Partners, Black Tech Nation Ventures, CRV, Drive Capital, Menlo Ventures, Oceans, Wyc Grousbeck, AXA Venture Partners, Birchmere Ventures, Origin Ventures, SaaS Ventures, TDF Ventures.