Rarestep announced it raised $454 Million in an initial filing from an offering of $454 Million

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Rarestep, Inc. is doing business as Fleetio. Fleetio is a global fleet management software platform that helps organizations track, analyze, and optimize their fleet operations with ease. Since launching in 2012 in Birmingham, AL, Fleetio has grown to support thousands of users across more than 80 countries, managing hundreds of thousands of vehicles, equipment, parts, and operators. Designed to simplify complex fleet processes, Fleetio delivers a collaborative, comprehensive, and user-friendly solution that empowers customers to focus more on their mission and less on operational hurdles.