US-based Next47 and YC led a USD15m Series A for Tractian, a Brazilian industrial equipment maintenance management platform. Tractian just launched operations in Mexico; DGF Investimentos led a ~USD3.4m round in June 2021.
(TechCrunch) – Tractian, a startup developing a product to monitor the status of machines and electrical infrastructure, today announced that it closed a $15 million Series A funding round led by Next47, with participation from Y Combinator and others. The money will be put toward product development and expanding Tractian’s workforce and geographic footprint, according to co-founder and co-CEO Igor Marinelli, as well as ongoing customer acquisition efforts.
Founded in 2019, Tractian is the brainchild of Y Combinator alumni Marinelli and Gabriel Lameirinhas. Prior to starting Tractian, they worked at a paper manufacturer, International Paper, as software engineers, where Marinelli says they noticed how backwards the systems were for monitoring machinery health.
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