Tractian raises $130M Series D at $1.4B valuation

Brazilian AI startup Tractian recently secured $130 million in a Series D funding round, valuing the company at $1.4 billion. The round was led by Sapphire Ventures and Catalyst, the growth equity division of M&G. Other participants in the funding include N47, General Catalyst, Bosch Ventures, 53 Stations, Monashees, Endeavor Catalyst, Norte Ventures, and Y Combinator.

Established in 2019, Tractian specializes in AI solutions aimed at monitoring industrial equipment, identifying potential failures, and suggesting necessary maintenance actions. The company plans to allocate the funds over the next five years towards research and development, with a focus on physical AI, training large language models, and acquiring Nvidia processors.

Tractian has already generated nearly $100 million in annualized revenue, with half of that coming from the United States. Its technology is currently deployed in over 2,000 facilities, including those operated by major companies such as Coca-Cola, Whirlpool, Embraer, and Eli Lilly.