A Strip District-based data and analytics company involved with trucker safety has closed on an $8 million Series A financing round.
The financing round for Idelic Inc. was led by Origin Ventures with participation from TDF Ventures, Birchmere Ventures, Bain Capital Ventures and SaaS Venture Capital. Origin Ventures Vice President Scott Stern and Matt Bressler, principal at TDF Ventures, joined Idelic’s board of directors as part of the deal.
Idelic, which developed technology that can predict most big-truck accidents, was founded in 2016 by Carnegie Mellon University alumni Nick Bartel, Hayden Cardiff and Andrew Russell.
The company was built on intellectual property developed over 10 years at Pitt Ohio, a Strip District freight hauling and logistics company that operates a fleet of 4,000 rigs.