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Tractian closes US$130 million Series D and becomes Brazil's newest unicorn

TechnologyInternationalEl Ecosistema StartupAI summary
Image: El Ecosistema Startup

Brazilian industrial monitoring startup Tractian closed a US$130 million Series D that valued it at US$1.4 billion, led by Sapphire Ventures and Catalyst, with participation from General Catalyst, Bosch Ventures, Monashees, Endeavor Catalyst, Norte Ventures and Y Combinator. According to an AWS index produced by Strand Partners surveying 4,420 startups in 20 countries, 12% of Brazilian tech startups develop physical AI, versus 13% in Mexico and 24% in Germany. 26% of Brazilian startups already work with drones.

In 45 seconds

  • Tractian, founded in São Paulo in 2019, makes IoT sensors and its own models for interpreting machine data; its main office is now in Atlanta, where half of its 700 employees work.
  • The AWS study places Brazil among "emerging" physical AI markets with 12%, alongside Chile (11%), Colombia and Argentina (9%); Mexico leads the region with 13%.
  • 26% of Brazilian startups work with drones or autonomous aerial systems, above the global average of 19%.
Read the full story at El Ecosistema Startup

IASummary generated by artificial intelligence from a story by El Ecosistema Startup. It may contain errors: the original source prevails.

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