RueData has closed a seed financing round to continue serving over 40,000 vehicles, with plans to use the investment to accelerate adoption of its tire management platform, scale operations and continue innovating its AI-driven fleet optimization solutions for trucking fleets. The round was led by Valor Ventures with participation from Decelera Ventures, Idea Foundry and industry angel investors.
\nFor RueData founder and CEO Sebastian Baquero, the funding, announced Thursday at SXSW in Austin, Texas, is the next step in a journey that began long before RueData was founded in 2018. Baquero\u2019s career in the trucking industry started with importing and selling tires at just 21 years old. Through years of experience working directly with fleets, he gained firsthand insight into one of the industry\u2019s most overlooked cost centers.
\nAfter fuel, tires are fleets\u2019 biggest expense, \u201cyet they\u2019re often treated as an inventory problem rather than an optimization challenge,\u201d Baquero explained to FreightWaves. \u201cWe realized that with the right technology, we could predict and prevent unnecessary tire wear, reduce blowouts and save fleets substantial costs.\u201d
\nThis realization led Baquero to pivot from tire sales to developing a software solution. RueData\u2019s platform centralizes tire data, factors in variables like vehicle type, cargo weight, routes and weather conditions, and provides fleet operators with customized maintenance recommendations.<\/p>\n","protected":false},"excerpt":{"rendered":"
RueData has closed a seed financing round to continue serving over 40,000 vehicles, with plans to use the investment to accelerate adoption of its tire management platform, scale operations and continue innovating its AI-driven fleet optimization solutions for trucking fleets. The round was led by Valor Ventures with participation from Decelera Ventures, Idea Foundry and […]<\/p>\n","protected":false},"author":2,"featured_media":151643,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":{"0":"post-151642","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-trucking-industry"},"_links":{"self":[{"href":"https:\/\/gotrucking.news\/wp-json\/wp\/v2\/posts\/151642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gotrucking.news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gotrucking.news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gotrucking.news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/gotrucking.news\/wp-json\/wp\/v2\/comments?post=151642"}],"version-history":[{"count":0,"href":"https:\/\/gotrucking.news\/wp-json\/wp\/v2\/posts\/151642\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gotrucking.news\/wp-json\/wp\/v2\/media\/151643"}],"wp:attachment":[{"href":"https:\/\/gotrucking.news\/wp-json\/wp\/v2\/media?parent=151642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gotrucking.news\/wp-json\/wp\/v2\/categories?post=151642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gotrucking.news\/wp-json\/wp\/v2\/tags?post=151642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}