SUBSCRIBE
Truce Software is closing its Series B funding round. Financial terms of the transaction were not disclosed.
Yttrium led the round, alongside existing institutional investors Allomer Capital Group and New Amsterdam Growth Capital.
The company will use the new funding to scale its go-to-market initiatives for a recently launched product suite and to support growth across its expanding customer base in field service industries such as professional pest management, landscape and lawn care, HVAC, healthcare and life sciences, energy, construction, facilities management, telecommunications and roofing.
For commercial field service fleets, Truce launched a mobile-first AI video telematics platform that enables scalable, automated driver coaching at approximately half the cost of traditional systems.
Because the platform runs on standard iOS and Android smartphones, it eliminates the need for expensive in-vehicle hardware while delivering real-time video capture, telematics insights and AI-powered coaching. This approach helps to make advanced video telematics practical for a broad range of light-duty fleets, which account for more than 70 percent of U.S. commercial vehicles.
According to the company, for pest control operators, landscape contractors, lawn care professionals, HVAC technicians, roofing crews and other field service companies, that means:
- Engineering control over devices and reduced device distraction
- Fewer incidents that lead to costly claims and “nuclear” verdict exposure
- Proactive visibility into risky driving habits before they turn into losses
- Real-time driver road-facing and in-cab alerts
- Individualized in-app scoring, gamification, leaderboard competition
- Unique in-app performance coaching
- Better documented, consistent driving performance and safety across growing teams
Truce delivers AI-powered real-time alerts and personalized coaching to reinforce safe, high-performance driving habits. Outside the vehicle, it transitions into a jobsite visibility, communication and incident management tool creating a higher performing and safer workforce, more predictable operating costs and stronger long-term insurability.
Product Overview
Truce’s next-gen telematics platform plans to modernize employee performance and safety management while driving and on the jobsite.
- Mobile-first by design: AppStore/Playstore downloadable software that runs on standard iOS and Android smartphones.
- Edge-computing and AI-powered: Leverages mobile device–based AI processing and communication along with an optional, easy-to-install AI dashcam. The platform delivers a disruptive approach to video and telematics.
- Employee-centric and scalable: Delivers real-time road alerts and personalized performance insights automatically tied to each driver without manual reviews, disputes or administrative burden.
- In-app personalize coaching: Drivers get clear, timely coaching directly in the app reinforcing good habits, skills competition, reducing uncertainty and keeping them directly connected to leadership without micromanagement.
- Complete workday: When driving ends, automatically creates jobsite sessions, providing live employee location visibility, and enabling location-based messaging and full operational and safety incident management.
- Smarter economics: A platform that costs roughly half of traditional video telematics systems alone, while uniquely delivering continuous, people-centric insight whether employees are driving or working.
“The Truce Commercial team has launched a disruptive, employee-first performance and safety platform that transforms everyday iOS and Android devices into AI-powered edge computing tools supporting field employees throughout their workday,” said David Coleman, head of commercial solutions. “We are disrupting the price and value of legacy vehicle-centric telematics and dashcam systems while executing a mission to protect drivers in real time and extend capability on the jobsite, shifting from vehicle-based tools to solutions built for people wherever work happens.”
