Strip District trucker safety startup closes on $8 million financing round

Pam Panchak/Post-Gazette

Strip District trucker safety startup closes on $8 million financing round

Kris B. Mamula

Pittsburgh Post-Gazette

kmamula@post-gazette.com

Sep 18, 2019

11:56 AM

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.

Kris B. Mamula: kmamula@post-gazette.com or 412-263-1699

First Published: September 18, 2019, 11:56 a.m.
Updated: September 18, 2019, 11:57 a.m.

Kris B. Mamula has been a health care business reporter for the Post-Gazette since 2015. A Carnegie Mellon University graduate, he was part of the team that won a Pulitzer Prize for coverage of the synagogue shooting in 2018.

kmamula@post-gazette.com
@kmamula1

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