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Stock impact report

Platform Science Raises $125 Million in Growth Capital [Yahoo! Finance]

PACCAR Inc. (PCAR) 
Last paccar inc. earnings: 1/28 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: paccar.com/investors
Company Research Source: Yahoo! Finance
SAN DIEGO, April 09, 2024 BUSINESS WIRE Platform Science , the leading edge application platform for transportation, announced today that it raised $125 million in growth capital to accelerate innovation in the commercial transportation sector. Key strategic investors included C.R. England, Cummins, Daimler Truck, PACCAR, RyderVentures, and Schneider. New financial investors included Activant Capital, BDT & MSD Partners, and Manhattan Venture Partners. Platform Science also had strong participation from existing investors, including 8VC, NewRoad Capital Partners, and Prologis Ventures, underscoring their commitment to the company's growth plans. "By including our software as a native component of the vehicle, we're making it as easy for developers to build applications for drivers and fleets as it is to build them for smartphones. By doing so, we expect innovation to change transportation in the same way smartphones have changed our lives," said Platform Science co-founder and CEO Show less Read more
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