Toronto startup Terminal has raised a Series A round led by Battery Ventures, with participation from existing backers Y Combinator and Wayfinder Ventures, plus Intact’s private capital arm and truck dealer Penske.
The 17-person company unifies data from trucks, including dashcam footage, GPS coordinates, dashboard warnings, and 325 connected data sources, so insurers, financial firms, and service providers can use it more easily. Terminal says the funding will help meet partner demand. CEO Raghav Midha plans to double headcount this year. The company is betting commercial vehicle data can support fraud prevention, insurance pricing, and more efficient fleet services nationwide.
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