None
SO
Terminal raises $20M to untangle fleet telematics data
['Thomas Wasson', 'July', 'Min Read']
Yahoo Finance
Terminal, a Toronto-based telematics data startup, has raised $20 million in Series A financing led by Battery Ventures, the company announced Wednesday.
The company sells a single API into one of freight tech's least glamorous bottlenecks: getting usable fleet telematics data out of the hundreds of providers that generate it.
Until now, every insurer and fleet service provider that wanted it built the plumbing one connection at a time.
Software companies are building tools to help fleet managers rein in fuel, safety, and maintenance costs.
"Telematics data is one of the transportation industry's most valuable assets, but it has lived across hundreds of distinct providers, which has made it hard to access and use at scale," said Raghav Midha, CEO and co-founder of Terminal.