Young Pittsburgh tech firm raises $20M, almost all from out-of-town investors

A Pittsburgh-based developer of commercial trucking analytics and driver management solutions has raised $20 million…

Idelic makes trucking safer and more efficient by preventing accidents, reducing driver turnover, lowering insurance costs and saving lives. Its flagship product, Safety Suite, uses machine learning to turn fleet data into predictive insights that enable fleets to efficiently manage their entire safety operation and identify at-risk drivers before a crash occurs.

A spinout from Pitt Ohio Express whose safety department initially developed the software, Idelic was founded by a trio of Carnegie Mellon University graduates — Hayden Cardiff, Nick Bartel and Andrew Russell. Cardiff and Bartel serve as co-CEOs. Pitt Ohio decided in 2015 to create a separate company to commercialize the product and put it on a mobile platform.