Series C · Industrial tech
Tractian raises $120m Series C for industrial maintenance technology
Sapphire Ventures leads the round alongside General Catalyst, Next47 and NGP Capital.
Tractian announced a $120m Series C on December 5, 2024, led by Sapphire Ventures. General Catalyst, Next47 and NGP Capital also participated.
The Atlanta company combines machine sensors with software and AI to identify equipment faults and help maintenance teams reduce downtime. The investment supports development of its industrial monitoring technology and expansion of customer operations.
Use of funds
Develop industrial monitoring hardware and software and expand customer operations
Funding history
Series C · This round$120M
Series B$45M