Revvo Technologies offers an intelligent software platform to manage and optimize tires using connected vehicle data and proprietary smart tire-mounted sensors. The platform combines connected-vehicle telematics with smart tire-mounted sensors to enable tire management and optimization. The company is based in San Mateo, California. Revvo announced it has raised an additional $6M in Series Seed funding. The round was led by Cercano Management, with participation from Discount Tire and Norwest Venture Partners. The article did not disclose operating metrics, valuation, or prior total capital raised. Revvo offers a sensor-enabled AI software platform with proprietary sensors embedded inside tires that generate a real-time feed of a tire’s condition and performance. The sensors capture thousands of data points per second and send data to the cloud via an app on the driver’s phone. Revvo applies machine learning and AI models to the aggregated data to better predict tire tread wear and provide insights on road conditions and driver behavior. The company’s initial commercial focus is the fleet sector, which consumes tires at a disproportionately high rate. Revvo says its platform increases vehicle uptime, optimizes efficiency, and improves safety. The company will use the financing to continue building the product and to expand its technical and business development teams.

Total raised

$10M

Funding rounds

2

Latest round

Seed

Latest activity

May 2022