# Tractian Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tractian-technologies

- Industry: Software
- Headquarters: Atlanta, US
- Website: www.tractian.com/
- Total disclosed funding: $183M
- Latest round: Series C (Nov 21, 2024)
- Investors on record: 10

## About

Based in the US, Tractian Technologies Inc. is a company that provides advanced industrial solutions focusing on maintenance management, reliability, and energy efficiency through innovative technologies.Tractian Technologies Inc. specializes in industrial solutions that enhance maintenance and reliability. Founded in 2020 and headquartered in Atlanta, US, it was co-founded by Bruno Felix, Gabriel Lameirinhas, Igor Marinelli, and Leonardo Vieira. The company has completed 6 deals, with the most recent funding round occurring on November 21, 2024, where it raised USD 120 mn in Series C funding led by Sapphire Ventures and involving other investors including General Catalyst Partners and NGP Capital. The total amount raised by the company stands at USD 120 mn with a current valuation of USD 646.4 mn.Tractian specializes in delivering advanced industrial solutions that focus on maintenance management, reliability, and energy efficiency. Their core product offerings include the CbM Sensor, which enables condition monitoring and automated diagnostics to predict machine failures, and the TracOS software, a comprehensive maintenance management system that allows users to register tasks and manage real-time data efficiently. Additionally, the Energy Trac platform transforms energy consumption data into actionable insights that drive profitability. Tractian serves a diverse client base, including manufacturing facilities and reliability engineers, with a primary focus on North America, Europe, and Latin America.Tractian generates revenue primarily through subscription-based offerings for its software solutions and hardware products. Clients typically engage with Tractian through direct contracts for deploying condition monitoring sensors and maintenance management software, often structured as annual or multi-year subscriptions. This business model emphasizes long-term partnerships, allowing seamless integration of Tractian’s solutions into clients' operations. The flagship products are positioned to provide significant returns on investment, as evidenced by reported customer savings and efficiency gains, with pricing reflecting the comprehensive nature of their solutions tailored for various industrial sectors.In November 2024, Tractian Technologies Inc. raised USD 120 mn in Series C funding, which will be utilized to expand its engineering and R&D teams and to launch new sensor and system products. The company aims to further penetrate the North American, European, and Latin American markets by enhancing its existing product lines and developing new innovations. Through this strategic funding, Tractian is set to bolster its product offerings and operational capabilities to meet the growing demands of its diverse client base.

## Funding rounds

- Series C, Nov 21, 2024, $120M — General Catalyst Partners, N47, Sapphire Ventures, NGP Capital, DGF Investments, Upload Ventures
- Series B, Aug 7, 2023, $45M — General Catalyst Partners, N47, DGF Investments, Monashees, Norte Ventures
- Series A, May 17, 2022, $15M — N47, Y Combinator
- Seed, May 29, 2021, $3.4M — DGF Investments, Citrino Gestão de Recursos

## Investors

- DGF Investments (https://capitalatlas.ai/funds/dgf-investments) — Seed, Series B, Series C
- Citrino Gestão de Recursos — Seed
- N47 (https://capitalatlas.ai/funds/n47) — Series A, Series B, Series C
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series A
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series B, Series C
- Monashees (https://capitalatlas.ai/funds/monashees) — Series B
- Norte Ventures (https://capitalatlas.ai/funds/norte-ventures) — Series B
- Sapphire Ventures (https://capitalatlas.ai/funds/sapphire-ventures) — Series C
- NGP Capital (https://capitalatlas.ai/funds/ngp-capital) — Series C
- Upload Ventures — Series C