Telogis Raises $93M From Kleiner Perkins In Pre-IPO Round To Extend Location Intelligence SaaS Platform For New Mobile Workforce
Summary
Telogis has raised $93 million from Kleiner Perkins Caufield & Byers to deepen its location-based services platform for operations that have large mobile workforces. A big part of its business is working with vehicle manufacturers such as Ford, which is integrating Telogis technology into its commercial trucks. The round is the first outside investment from a venture capitalist for Telogis, which has bootstrapped its business and is profitable, according to CEO David Cozzens who I interviewed over the phone tonight with Chief Financial Officer Kyle Messman. For example, the company’s Telogis Fleet service uses spatial clustering so managers can see thousands of vehicles on one screen, drilling down to any truck out on the road. They will be cheaper and often more flexible, allowing commercial businesses to deploy services without needing to integrate with technologies built for the pre-smartphone age.
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