Tractian
Canvas Category Software : Information Technology : Asset Performance Management
Condition Monitoring and Asset Management in one place. Avoid failures in your machines and leave unplanned equipment downtime behind with the end-to-end solution for industries.
Assembly Line
Eliminating Downtime: How the TRACTIAN Vibration Sensor Makes a Difference
Identifying Bearing Faults Through Vibration Analysis
Why CP Kelco chose to partner with Tractian
Tractian's new $45M Series B Funding Boosts AI-driven Maintenance Operations
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.
Tractian’s solutions are used in environments that address a combined total of 5% of global industrial output. The company’s broad market reach is evidenced in its customer base from various industries, such as John Deere, Procter & Gamble, Caterpillar, Goodyear, Carrier, Johnson Controls, and Bimbo, the owner of the brands Little Bites and Thomas Bagels. Tractian’s customers see a 6-12x ROI with savings of $6,000 per monitored machine annually on average.
Tractian raises $15M Series A for its machine operations platform led by Next47
Tractian, a machine intelligence company offering one of the most advanced industrial monitoring systems on the market, announced $15 million in Series A funding led by Next47, a global venture capital firm specializing in building category-defining B2B technology businesses. YCombinator and other previous investors also participated in the round. 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 rapid development of industry-leading products.