Tractian, an Atlanta-based industrial AI and asset monitoring company, raised $130 million in a Series D funding round led by Sapphire Ventures and co-led by M&G’s Catalyst. The investment valued the company at $1.4 billion.
The round also included participation from N47, General Catalyst, Bosch Ventures, 53 Stations, Monashees, Endeavor Catalyst, Norte Ventures, and Y Combinator. The funding was announced on October 22, 2026.
Founded in 2019 by Igor Marinelli, Gabriel Lameirinhas, and Leonardo Vieira, Tractian develops hardware and AI-powered software for industrial equipment monitoring and maintenance management. Marinelli serves as the company’s CEO, while Lameirinhas and Vieira hold the roles of COO and CCO, respectively.
Tractian’s platform combines industrial sensors with AI models to monitor the condition of critical machinery. It collects vibration, ultrasound, and other operational signals to identify potential equipment problems, assess machine health, diagnose likely causes of failure, and recommend maintenance actions.
The technology serves manufacturers and operators of asset-intensive infrastructure, helping maintenance teams detect equipment issues and plan interventions before unexpected failures disrupt operations.
Tractian plans to use the new capital to expand its Physical AI platform and strengthen its multimodal monitoring capabilities. The company is targeting broader adoption across manufacturing, data centers, defense, utilities, and other industries that depend on continuously operating equipment.
According to the company, its technology is deployed across more than 2,000 industrial facilities worldwide. Tractian operates from its headquarters in Atlanta, with an international presence that includes Brazil, Mexico, and Poland.
The Series D follows Tractian’s $120 million Series C round announced in December 2024, which was also led by Sapphire Ventures, with participation from General Catalyst, Next47, and NGP Capital.
