Tractian, an Atlanta, GA-based company which specializes in manufacturing AI, secured $120M in Series C funding.
The round was led by Sapphire Ventures, with participation from General Catalyst, Next47, and NGP Capital.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Igor Marinelli, Tractian is a provides industrial copilot services for manufacturing leaders, with a platform that empowers businesses to prevent unplanned downtime, boost operational efficiency, and enhance maintenance capacity. Addressing downtime’s root causes, The system closes the human-to-machine knowledge gap and delivers insights, by combining proprietary models and LLM to cross-examine machine utilization, OEM specifications, and user-specific operational demands.
The company extends its presence globally with offices in Mexico City and Sao Paulo.
FinSMEs
05/12/2024