Tractian, an Atlanta, GA-based machine intelligence company offering one of the most advanced industrial monitoring systems on the market, announced that it raised $15 million in Series A funding.
The round was led by Next47, a global venture capital firm specializing in building category-defining B2B technology businesses. YCombinator and other previous investors also participated.
The new capital will allow the company to consolidate its position in the global market by extending operations from Brazil to Mexico and the U.S. and continuing the rapid development of industry-leading products.
Company: Tractian Ltd.
Round: Series A
Funding Month: May 2022
Lead Investors: Next47
Additional Investors: YCombinator
Company Website: https://tractian.com/
Software Category: Maintenance Management Software
About the Company: Founded in 2019 by Igor and Gabriel, Tractian is a machine intelligence company offering one of the most advanced industrial monitoring systems on the market. Tractian has developed streamlined hardware-software solutions designed to give maintenance technicians and decision-makers comprehensive oversight of their operations. Tractian is democratizing access to sophisticated monitoring and analytics. Tractian has experienced accelerated momentum in the past year, generating over 400% revenue growth on the strength of its product suite and ease of adoption. It has more than tripled its customer base to 200 industrial logos including large multinational brands such as Bosch, Embraer, Hyundai, John Deere, and Karcher. Tractian's ranked as one of the 3 best maintenance software in the world.