Manufacturing AI leader Tractian secured $120 million in Series C funding led by Sapphire Ventures, with participation from General Catalyst, Next47, and NGP Capital. This latest investment solidifies the Atlanta-based company as a key player in the industrial maintenance space.
The funding will accelerate Tractian’s mission to optimize machine performance and ensure unprecedented uptime. And as the Industrial Copilot, Tractian stands out by providing integrated hardware and software solutions for industrial asset monitoring, physical operations, and maintenance management, helping companies ensure zero downtime and improve technicians’ productivity.
Industrial maintenance is facing a major crisis, with unplanned downtime now costing the world’s largest companies a large percentage of their annual revenues. And recovery times have worsened dramatically, nearly doubling from five years ago to now.
This surge is driven by systemic challenges. COVID has left critical skills gaps and shifted global supply chains, compounding delays. Adding to the strain, modern equipment breakdowns have become harder to detect and repair.
Tractian streamlines maintenance and reliability to create a cost-efficient, strategic advantage. Tackling downtime’s root causes, Tractian closes the human-to-machine knowledge gap and delivers tailored insights by combining proprietary models and LLM to cross-examine machine utilization, OEM specifications, and user-specific operational demands.
Tractian continues driving innovation with a team of 200+ engineers dedicated to R&D across data, software, and hardware. The company filed 12 patents this year, highlighting its commitment to proprietary technologies. Tractian plans to expand its portfolio of patented solutions next year while attracting top-tier talent in engineering, data science, and go-to-market teams.
KEY QUOTES:
“We see Tractian as a transformative force in the industrial sector, addressing one of the most expensive challenges facing manufacturers today—unplanned downtime—with an AI solution that not only predicts issues, but drives operational ROI. We’re thrilled to back Igor and the Tractian team, whose commitment to solving this problem stems from Igor’s firsthand experience growing up with a father who worked on a factory floor. We believe this passion makes them well suited to redefine industrial efficiency as we know it.”
– Anders Ranum, Partner at Sapphire Ventures
“With an aging workforce and fewer younger workers entering the field, the gap between human expertise and machine understanding widens. This loss of analog, hands-on knowledge has left industrial operations struggling to maintain efficiency. There is growing momentum for the reshoring of manufacturing in the U.S., as companies seek to reduce dependencies and build more resilient supply chains.”
– Igor Marinelli, Tractian CEO and co-founder
