Fri. Jan 27th, 2023

Tractian Raises $15M in Series A Funding

Tractian, an Atlanta, GA-based machine intelligence company focused on advanced industrial monitoring systems, raised $15M in Series A funding.

The round was led by Next47, and YCombinator. In conjunction with the funding, Debjit Mukerji, Partner at Next47, will join Traction’s board.

The company intends to use the funds to extend operations from Brazil to Mexico and the U.S. and continue rapid development of its products.

Led by Gabriel Lameirinhas and Igor Marinelli, Tractian has developed streamlined hardware-software solutions designed to give maintenance technicians and decision-makers comprehensive oversight of their operations. The hardware suite includes two sensors:

  • SmartTrac, which measures high-frequency vibration and temperature signals to track machine health; and
  • EnergyTrac, used on control panels and electrical infrastructure to measure energy consumption and monitor faults.

The company extended its suite by recently launching TracOS, a mobile-first software solution that acts as “mission control” for industrial maintenance. TracOS incorporates data from its sensor family with intuitive dashboarding of alerts and machine learning-based diagnostics and recommendations. More importantly, it functions as an end-to-end CMMS platform for asset-centric operations: managing work orders and scheduling, checklists, procedures, inventory, and more.

Traction currently serves large multinational brands such as Bosch, Embraer, Hyundai, John Deere, and Karcher. In January, the company announced its expansion to North America, opening a new office in Mexico with a team dedicated to developing the company’s business there. They plan to follow up with a market entry in the United States later this year.




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