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Revvo is a technology company.
Revvo develops an AI-powered tire management platform, TireIQ, designed to optimize vehicle fleet operations. The platform leverages artificial intelligence and machine learning to connect, monitor, and automatically manage vehicle tires, providing real-time alerts and comprehensive reports to drivers and fleet managers. TireIQ is built on extensive data, enabling predictive insights and proactive maintenance across diverse tire types and fleet configurations.
The company was co-founded in 2018 by Sunjay Dodani, PhD, and Andrew Ko, who serve as CEO and CTO, respectively. Their collective two decades of experience in artificial intelligence and machine learning, honed through leadership roles at Medallia developing ML-based products for major automotive clients, led to the insight that AI could significantly ease tire maintenance burdens, reduce operating costs, and enhance road safety for fleets.
Revvo serves a wide array of fleets, aiming to modernize their operations and improve the total cost of ownership. The company’s long-term vision centers on continuously advancing its AI tools to enhance tire health, fuel efficiency, and overall safety for its customers, striving to make roads safer while adapting to evolving business needs.
Revvo has raised $14.0M across 3 funding rounds.
Revvo has raised $14.0M in total across 3 funding rounds.
Revvo is a technology company providing an AI-powered tire management platform called TireIQ for fleet operators in industries like food and beverage, oil and gas, municipal services, delivery, and field services[1][2][3]. It connects tires from any OEM or aftermarket sensors to deliver real-time monitoring, predictive analytics, alerts, and insights on tire health, fuel efficiency, and safety, solving problems like downtime, high maintenance costs, and road failures by processing data from over 1 billion miles and 975 billion tire rotations[1][3][4]. Serving thousands of fleets worldwide, Revvo has raised $10 million in funding, generated $5.3 million in revenue, saved customers over $75 million and 280,000 gallons of oil, and flagged 640,000 tire issues, with clients achieving positive ROI in the first year and up to 200% annually[2][3][4].
Founded in 2018 in San Mateo, California (headquartered at 800 Concar Drive Suite 400), Revvo started as IntelliTire before rebranding to focus on its tire sensor-agnostic AI platform[1]. The company emerged from the need for real-time tire visibility in fleets, leveraging advanced data analytics, AI, and machine learning developed by industry leaders to transform tire management without requiring new sensors on every vehicle[1][3]. Early traction came from integrations like with Fleetio in 2022, enabling thousands of fleets to access its alerts and analytics, and rapid adoption by serving over 55,000 global customers while monitoring vast datasets[1][2].
Revvo rides the wave of AI-driven fleet telematics and smart mobility, addressing tires as a top-3 operating expense amid rising fuel costs, supply chain pressures, and sustainability demands in trucking, delivery, and public sectors[1][3][4]. Its timing aligns with the shift to predictive maintenance—fueled by IoT growth and regulations for safer roads—enabling fleets to cut oil use by 280,000+ gallons and boost efficiency when traditional inspections fall short[3]. By influencing ecosystem integrations and standardizing tire data, Revvo accelerates adoption of wireless, real-time solutions, competing with players like BANF while pushing OEMs and managers toward data-rich operations[1][2].
Revvo is poised for expansion through deeper API integrations, global fleet scaling, and enhanced AI for fuel optimization and EV tire management as autonomous and electric vehicles proliferate. Trends like regulatory safety mandates and net-zero goals will amplify demand for its platform, potentially evolving it into a full smart mobility hub. With $10M funding and strong traction, Revvo could redefine tire management as fleets prioritize predictive tech for cost control and competitiveness—transforming roads one connected tire at a time[2][3][4].
Revvo has raised $14.0M in total across 3 funding rounds.
Revvo's investors include Cercano Management, Norwest Venture Partners, The Reinalt-Thomas Corporation, Parker Barrile, AngelList, Vulcan Capital.
Revvo has raised $14.0M across 3 funding rounds. Most recently, it raised $6.0M Seed in May 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 16, 2022 | $6.0M Seed | Cercano Management | Norwest Venture Partners, The Reinalt-Thomas Corporation |
| Mar 26, 2019 | $4.0M Series A | Parker Barrile | AngelList, Vulcan Capital |
| Mar 1, 2019 | $4.0M Seed | Norwest Venture Partners |