Tractian, an Atlanta, GA-based provider of industrial IoT and enterprise asset management software, raised $45m in growth funding.
The round was led by General Catalyst with participation from existing investor Next47 and strategic angels – including Ronan de Hooge, VP of Cloud Platform of AVEVA, Ron Gill, former SAP and Netsuite CFO, and Andy McCall, former Samsara CRO.
The company intends to use the funds to scale customer enablement while investing in new technology innovation for its maintenance operators.
Tractian offers an industrial operations platform and sensors that monitor the health of critical machines and prevent unplanned downtime, to give maintenance technicians and industrial decision-makers comprehensive oversight of their operations. Tractian operates across a wide range of verticals including food & beverage, automotive, consumer goods, mining, oil & gas, commodities manufacturing, etc.
The company’s customer base includes John Deere, Procter & Gamble, Caterpillar, Goodyear, Carrier, Johnson Controls, and Bimbo, the owner of the brands Little Bites and Thomas Bagels.
FinSMEs
08/08/2023