Brazilian AI startup Tractian raised $130M in a Series D round at a $1.4B valuation. The round was led by Sapphire Ventures and Catalyst, M&G’s growth equity division. N47, General Catalyst, Bosch Ventures, 53 Stations, Monashees, Endeavor Catalyst, Norte Ventures, and Y Combinator also participated.
Founded in 2019 Tractian develops AI solutions to monitor industrial equipment, detect failures, and recommend maintenance actions.
Tractian plans to invest the funding in research and development over the next five years, focusing on physical AI, training large language models, and purchasing Nvidia processors.
Tractian generates nearly $100M in annualized revenue, with half coming from the US. Its technology operates in more than 2,000 facilities, including those of Coca-Cola, Whirlpool, Embraer, and Eli Lilly.
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