Brazilian startup Tractian has become one of Latin America’s most highly valued AI startups after raising US$130 million in a Series D funding round that values the company at US$1.4 billion.
Founded in 2019, Tractian develops sensors and artificial intelligence software to monitor industrial machinery, detect potential failures and recommend maintenance actions. Its technology analyses data such as vibration, ultrasound, temperature and other sensor readings to help manufacturers prevent unexpected equipment breakdowns.