🔸 Manufacturing AI Startup Tractian Locks Up $120M Series C
Artificial intelligence funding remains strong, with Atlanta-based manufacturing AI startup Tractian recently securing $120 million in Series C funding led by Sapphire Ventures, alongside investments from General Catalyst, Next47, and NGP Capital. Tractian combines hardware, software, and AI to modernize manufacturing maintenance processes, addressing significant concerns about unplanned downtime, which costs the world's largest companies approximately $1.4 trillion annually.
Cofounder and CEO Igor Marinelli highlighted the challenges posed by an aging workforce and a lack of younger workers, leading to gaps in expertise that hinder operational efficiency. The company positions itself as the “Industrial Copilot,” aiming to support the reshoring of manufacturing in the U.S. amid shifting supply chain strategies.
Artificial intelligence funding remains strong, with Atlanta-based manufacturing AI startup Tractian recently securing $120 million in Series C funding led by Sapphire Ventures, alongside investments from General Catalyst, Next47, and NGP Capital. Tractian combines hardware, software, and AI to modernize manufacturing maintenance processes, addressing significant concerns about unplanned downtime, which costs the world's largest companies approximately $1.4 trillion annually.
Cofounder and CEO Igor Marinelli highlighted the challenges posed by an aging workforce and a lack of younger workers, leading to gaps in expertise that hinder operational efficiency. The company positions itself as the “Industrial Copilot,” aiming to support the reshoring of manufacturing in the U.S. amid shifting supply chain strategies.