Fracttal announced it has closed a $35 million financing round led by Riverwood Capital, with participation from existing backers including Seaya Ventures, as the company looks to speed up international growth and deepen investment in AI-driven maintenance and asset-management capabilities.
The company said it is focused on shifting maintenance from reactive workflows to predictive, AI-enabled operations, and that the new capital will support its broader effort to modernize how industrial and operations-intensive organizations manage assets. Fracttal said it now manages more than 20 million assets across more than 60 countries, and counts customers including Iberostar, Acciona, Veolia, Coca-Cola and FedEx.
Fracttal said the round will help expand its presence in Mexico, Brazil and Spain, and support a launch into France, where it said it is seeing strong product-market fit and growing demand from mid-sized and large enterprises. It also plans to allocate significant resources to product development focused on advanced AI capabilities, IoT technologies and new platform features.
The company described Riverwood as a strategic partner for its next phase, citing the firm’s experience scaling global software businesses. Fracttal said Riverwood’s Francisco Álvarez-Demalde and Federico Storani highlighted the market opportunity in maintenance modernization, and that Storani will join Fracttal’s board of directors.
Fracttal also said it will use the financing to scale teams across engineering, data science, product, sales, marketing and customer success, as it works to expand adoption of its platform and support customers pursuing more connected, predictive maintenance operations.
