Welcome to the Revvolution
Revvo, the San Francisco, CA-based startup that offers a smart sensor for vehicle tires, has raised $4m in a Series A round led by Norwest Venture Partners, with participation from Vulcan Capital and AngelList.
Founded in 2018 and led by Sunjay Dodani and Wing-Hong Andrew Ko, Revvo has built a “first-of-its-kind, sensor-enabled AI software platform” to monitor tires while a vehicle is on the road. The technology includes proprietary sensors that are embedded inside the tire, which generate a real-time feed of a tire’s condition and performance. The sensors capture thousands of data points per second from the interior of the tire which is sent to the cloud via an app on the driver’s phone. Then, AI and machine learning models are applied to the aggregated data set to better predict tire tread wear, helping drivers and fleet managers better understand the overall health of the tires on their vehicles.
“Until now, tires have not benefited from the mobility revolution. Through machine learning and AI, tires can provide an invaluable data set of road conditions, driver behavior, and feedback for vehicle performance. We’re extremely excited to have the support of the Norwest team, which will help us work toward our goal of enabling smart and connected tires. Our team at Revvo is passionate about applying a data science-centric approach to bring intelligence to the only part of the vehicle that touches the ground.” – CEO of Revvo, Sunjay Dodani.
“We live in a world of increasingly connected and autonomous vehicles, but tires haven’t changed in decades. We’re excited to work with the team at Revvo to make tires as smart as the vehicles that depend on them and to tap into a massive market that is shifting toward fleets and autonomous vehicles.” – Partner at Norwest Venture Partners, Parker Barrile.
Speaking of tires, Goodyear, one of the world’s largest tire companies, has partnered with Envoy Technologies, a provider of shared on-demand, community-based electric vehicles, for a pilot program aimed at minimizing operational downtime for vehicle fleets. As part of the program, Goodyear’s predictive tire servicing solution for connected fleets is being used to forecast and automatically schedule needed tire maintenance and replacement.