# Terminal **Source:** https://geo.sig.ai/brands/terminal **Vertical:** Logistics & Supply Chain **Subcategory:** General **Tier:** Emerging **Website:** terminal.shop **Last Updated:** 2026-04-14 ## Summary "Plaid for commercial trucking telematics" with 150K+ trucks aggregated into universal API; YC S23 $3.1M Golden Ventures-backed enabling insurance and fintech UBI products without separate telematics integrations. ## Company Overview Terminal is a San Francisco-based commercial trucking telematics data platform — backed by Y Combinator (S23) with $3.1 million in seed funding led by Golden Ventures with Wayfinder, Northside, McVestCo, and Boon Fund angels — providing a universal API that aggregates data from 150,000+ commercial trucks' telematics systems (GPS location, speed, harsh braking, vehicle diagnostics, HOS compliance data) into a single normalized API accessible to insurance companies, fintech lenders, and fleet management software developers. Founded by Raghav Midha and Connor Giles, Terminal is building the "Plaid for commercial trucking telematics" — the data aggregation layer that enables connected products without bilateral integrations with every individual telematics provider. Terminal's API normalization addresses the fragmentation problem in commercial trucking data: the trucking industry's telematics ecosystem has 30+ major providers (Samsara, Verizon Connect, Geotab, Motive, PeopleNet) each with proprietary APIs, different data schemas, and different connectivity protocols. An insurance company wanting to offer telematics-based usage-based insurance (UBI) for commercial fleets would need to integrate with each provider separately — a multi-month engineering project per provider. Terminal's normalized API aggregates position, speed, safety events, and vehicle diagnostics across all major providers into a single response format, enabling insurance and fintech products in weeks rather than quarters. In 2025, Terminal competes in the transportation data infrastructure and API aggregation market with Motive (truck fleet management, $2.3B valuation), Samsara (NYSE: IOT, fleet telematics with developer platform), and Axle (financial services data aggregation, general purpose) for telematics data access and normalization. The commercial truck insurance market (annual premiums exceeding $25 billion) is actively adopting telematics for underwriting — carriers like Progressive (NYSE: PGR) and Nationwide are developing commercial fleet UBI products that require normalized telematics data access. Y Combinator's S23 backing connects Terminal with the insurance technology and fintech ecosystems. The 2025 strategy focuses on growing insurance company API customers, expanding the data coverage to include refrigerated trailer monitoring and cargo sensors, and building the real-time driving score analytics for underwriting. ## Frequently Asked Questions ### What is Terminal? Terminal is a Canada-based telematics data platform that provides a universal API for commercial trucking telematics data. Often described as 'Plaid for trucking,' Terminal enables companies to access GPS, speeding, and vehicle statistics from over 150,000 trucks to build next-generation trucking products. ### What products and services does Terminal offer? Terminal offers a Universal Telematics API that provides access to commercial trucking data including GPS tracking, speeding information, and vehicle statistics. Their API enables insurance companies, fintech firms, and fleet management software providers to integrate trucking telematics data into their products. ### Who are Terminal's target customers? Terminal primarily serves insurance companies, fintech firms, and fleet management software companies. These businesses use Terminal's API to access trucking telematics data and build products for the commercial trucking industry. ### When was Terminal founded? Terminal was founded in 2023. The company participated in Y Combinator's Summer 2023 (S23) batch. ### Where is Terminal located? Terminal is based in San Francisco, California, though the company is Canada-based. The founders are Raghav Midha and Connor Giles. ### How much funding has Terminal raised? Terminal raised $3.1 million in seed funding in September 2023. The round was led by Golden Ventures with participation from Y Combinator, Wayfinder, Northside, McVestCo, Boon Fund, and angel investors. ### What are Terminal's key achievements or metrics? Terminal has secured data commitments from over 150,000 trucks on its platform. The company successfully raised $3.1 million in seed funding and completed the Y Combinator Summer 2023 batch. ### What technology approach does Terminal use? Terminal uses a Universal API approach to aggregate and provide access to commercial trucking telematics data. This allows customers to access GPS, speeding, and vehicle statistics from multiple telematics providers through a single integration, similar to how Plaid works for banking data. ### Who founded Terminal and what is their background? Terminal was founded by Raghav Midha and Connor Giles. Both founders previously led product and engineering teams at a Series B stage neobank before starting Terminal. ### What are Terminal's most recent developments? Terminal's most recent development was raising a $3.1 million seed round in September 2023 led by Golden Ventures. The company has also achieved commitments for data from over 150,000 trucks and completed the Y Combinator Summer 2023 program. ## Tags b2b, saas, supply-chain, transportation --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*