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§ Private Profile · Plano, TX, USA
SaaS provider of connected truck services, offering weigh station bypass and real-time in-cab alerts for trucking fleets, digitizing weigh stations.
Drivewyze has raised $84.1M across 3 funding rounds.
Key people at Drivewyze.
Drivewyze has raised $84.1M in total across 3 funding rounds.
Based in Edmonton, Alberta, Drivewyze is a software-as-a-service provider that develops connected truck technologies, including weigh station bypass applications and real-time in-cab safety alert systems for commercial fleets. The company operates its digital weigh station network across 46 states, managing its expanding software operations from a newly developed 30,000-square-foot headquarters facility in Canada. Drivewyze integrates its proprietary software directly with electronic logging devices to serve large commercial trucking carriers, intermodal logistics providers, and specific fleet customers such as Schmuhl Brothers. To navigate the recent freight recession and expand its compliance offerings, the enterprise executed a strategic corporate merger with Bestpass-Fleetworthy while maintaining financial backing from institutional investors like Sageview Equity. Originally established as a spin-off from its parent organization Intelligent Imaging Systems, Drivewyze was officially founded in 2003 by Brian Heath and Fred Ko.
Key people at Drivewyze.
Drivewyze is a leading North American company that builds connected truck services aimed at improving safety, efficiency, and regulatory compliance for commercial fleets and drivers. Its flagship product, Drivewyze PreClear, enables weigh station bypass at thousands of locations across the U.S. and Canada, reducing delays and operating costs for fleets. Beyond weigh station bypass, Drivewyze offers an ecosystem of real-time safety alerts, compliance tools, and mobility solutions that integrate seamlessly with existing fleet devices without requiring additional hardware. The company serves a broad range of customers from owner-operators to large carriers, helping them optimize operations and enhance driver safety through innovative technology and data-driven insights[1][3].
Drivewyze was co-founded by Heath and Fred Ko, originally under Intelligent Imaging Systems (IIS) in 2003, with Drivewyze launching later as a specialized connected truck service. The company evolved by integrating roadside infrastructure solutions with in-cab technologies, culminating in a rebranding that consolidated IIS’s portfolio under the Drivewyze brand to unify their mission of improving highway safety and efficiency. Early pivotal moments include the development of the PreClear weigh station bypass service and recognition such as the 2017 Frost & Sullivan North American Weigh Station Bypass Company of the Year Award. Drivewyze’s growth has been driven by its ability to innovate without requiring costly hardware installations, enabling rapid adoption across the trucking industry[5][1][3].
Drivewyze rides the trend of digital transformation in commercial transportation, leveraging connected vehicle technology and data analytics to modernize highway safety and fleet management. The timing is favorable due to increasing regulatory demands, rising operational costs, and the trucking industry's push for efficiency and safety improvements. By enabling seamless weigh station bypass and proactive safety alerts, Drivewyze reduces bottlenecks and crash risks, supporting broader goals like emissions reduction and driver well-being. Its integration with smart infrastructure and telematics platforms positions it as a key player in the evolving ecosystem of intelligent transportation systems[1][5][6].
Drivewyze is poised to expand its influence by deepening its connected services portfolio, including advanced safety notifications and infrastructure solutions like Smart Roadways. Future trends shaping its journey include increased adoption of telematics, regulatory emphasis on safety and emissions, and the growth of data-driven fleet management. As the company continues to innovate and integrate with broader transportation networks, it is likely to play a pivotal role in driving safer, more efficient, and environmentally sustainable trucking operations across North America[5][6][1].
Drivewyze has raised $84.1M in total across 3 funding rounds.
Drivewyze's investors include Scott Stuart, iNovia Capital, Brian Jacobs.
Drivewyze has raised $84.1M across 3 funding rounds. Most recently, it raised $60.1M Other Equity in July 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 14, 2020 | $60.1M Venture Round | Scott Stuart | — | Announced |
| Dec 1, 2017 | $16M Series U | — | Inovia Capital | Announced |
| Aug 1, 2013 | $8M Series A | Inovia Capital, Brian Jacobs | — | Announced |
