🔸 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. Tractian is part of a broader trend in the AI sector, which accounted for over half of the $28 billion in global venture funding last month, with AI companies across various industries attracting more than $14 billion. Since its founding in 2019, Tractian has raised over $180 million, including a $45 million growth capital round in August 2023. 💬 Source 📌 Powered by V3V Ventures