The picunches promaucae were the first known inhabitants of Rancagua Valley at Cerro Company. The Inka did not mean the loss of local authority or of its land to the chiefs picunches.
The Picunches own volition, ceded their lands for the foundation of the future city of Rancagua.
The foundation was held on October 5, 1743 under the name "Villa Santa Cruz de Triana" and was in charge of the President of the Audiencia and Governor of Chile, José Antonio Manso de Velasco, which was adopted by Royal Decree of 29 July 1749.
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