LATAM SaaS + IoT grows 10x to $1.2m in ARR, $3.7m round at $15m valuation

Igor Marinelli

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Updated: May 8th, 2023

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Igor Marinelli is the Founder and CEO at Tractian. He studied Computer Engineering, Entrepreneurship, and Technology at the University of California, Berkeley. Previously, He was Founder and Board Member at Somos Todos Heróis.

Founder’s Vision

Igor’s motto is to give all maintenance professionals access to online equipment monitoring and a “right hand” platform that analyzes, provides valuable insights, optimizes routines, and enables practical and effective decision-making.

About The “Tractian” Tool

“Tractian” is an Industrial AI startup focused on unlocking new operational efficiencies by making decisions based on predictive insights.
TRACTIAN is the IoT tool that removes barriers to keep your operation running without interruptions.
As a company, Tractian - which uses Artificial Intelligence to monitor and predict the status of industrial equipment, has raised $15M in a venture funding round.
Tractian is an online maintenance system that combines smart sensors for condition monitoring with maintenance management software.

Utility Of IoT Tool and Fund Raising

Tractian aims to democratize access to sophisticated real-time monitoring and asset operations tools.
It is a machine intelligence company offering various industrial monitoring systems.
Using this tool, maintenance professionals can do end-to-end solutions to make their routines easy, reduce operational costs and increase machine reliability.

Tractian Growth Indicators

The company has reached a valuation of $15M+
Raised $3.7M seed round and hoping to raise series A soon.
Tractian customer base is growing at a base of 30% every month.
The company has grown 10X and attained the $1.2ARR mark through 70% new acquisitions and 30% returning customers.