The company will use the funds for sales and marketing expansion of the Drivewyze PreClear wireless weigh station bypass service as well as for new product development.
IIS launched Drivewyze in 2012 as a standalone division to market a new mobile-based weigh station bypass system for commercial truck operators. It said that the return on investment for using the service is one of the best in the trucking industry.
Emergence Capital partner Brian Jacobs said, “At Emergence Capital, we have seen mobile technology allow workers in many large industries to take advantage of the cloud.
“IIS and Drivewyze are using the cloud to redefine road safety and driver productivity. It is clear that states are embracing Drivewyze PreClear and fleets are seeing a significant financial return.”
Earlier this year ECP backed an $18.7m round for health-focused social network provider WellTok alongside InterWest Partners and New Enterprise Associates.
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