Telogis has closed on $93 million in financing led by Kleiner Perkins Caufield & Byers. The company provides a SaaS-based location intelligence platform for companies that require dynamic routing, real-time work order management, commercial navigation, telematics and mobile integration services for their workforces in the field.
Since its founding in 2001, Telogis has been privately financed by its founders, management and other individuals, with recent investments including $3.5 million raised in 2010 and $2.8 million raised in 2011. The new round represents its first outside raise of institutional capital. The company intends to utilize the new investment to further capitalize on the large and rapidly growing market for location-based products and services designed specifically for enterprises and organizations with substantial numbers of mobile workers and vehicles.