US-based Telogis raises $93mn

US-based Telogis raises $93mn

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US: Telogis, a California-based provider of software-as-a-service (SaaS)-based platform for commercial vehicles, has recently raised $93 million from investors.

Telogis provides a SaaS-based platform for dynamic routing, real-time work order management, commercial navigation, telematics and mobile integration services for workforces in the field. The institutional capital financing is led by Kleiner Perkins Caufield & Byers (KPCB). The company plans to utilise the investment to further capitalise on the rapidly growing market for location-based products and services. Ryan Popple, KPCB partner, has joined Telogis” board of directors.

Since 2011 Telogis has been the exclusive technology provider for Ford Motor Company, powering its factory-installed Ford Crew Chief telematics solution for Ford commercial vehicles. Telogis also partnered with Volvo Trucks earlier this year to co-develop new telematics and navigation services for Volvo customers.

Source: marketwired.com