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Tractian's New $45M Series B Funding Boosts Ai-Driven Maintenance Operations

PRIVATEAug 07, 2023

Amount Raised

$45 Million

Round Type

Series B

AtlantaManufacturingSoftware

Investors

Andy Mc CallRon GillRonan De Hooge, Vp Of Cloud Platform Of AvevaNext47General Catalyst

Description

Tractian, a leader in industrial IoT and enterprise asset management software, today announced $45 million in growth capital led by General Catalyst with participation from existing investor Next47 and strategic angels - including Ronan de Hooge, VP of Cloud Platform of AVEVA, Ron Gill, former SAP and Netsuite CFO, and Andy McCall, former Samsara CRO - to revolutionize the lives of maintenance professionals with its hardware-software solution. The new funding comes as Tractian’s asset monitoring system reaches over 1,000 industrial plants, and positions the company to rapidly scale customer enablement while investing in new technology innovation for its maintenance operators.

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Company Information

Company

Tractian

Location

Atlanta, Georgia, United States

About

Tractian is the Industrial Copilot for manufacturing leaders, with a platform that empowers businesses to prevent unplanned downtime, boost operational efficiency, and enhance maintenance capacity. The company is headquartered in Atlanta, GA, and extends its presence globally with offices in Mexico City and Sao Paulo.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Tractian raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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