Sapphire Ventures
Assembly Line
Tractian Raises $120M to Eliminate Industrial Downtime Worldwide
Tractian, a leader in Manufacturing AI, secured $120M in Series C funding led by Sapphire Ventures, with participation from General Catalyst, Next47, and NGP Capital. This latest investment solidifies the Atlanta-based company as a key player in the industrial maintenance space.
This funding will accelerate Tractian’s mission to optimize machine performance and ensure unprecedented uptime. As the Industrial Copilot, Tractian stands out by providing integrated hardware and software solutions for industrial asset monitoring, physical operations, and maintenance management, helping companies ensure zero downtime and improve technicians’ productivity.
Tractian continues to drive innovation with a team of 200+ engineers dedicated to R&D across data, software, and hardware. In 2024, the company filed 12 patents, highlighting its commitment to proprietary technologies. Tractian plans to expand its portfolio of patented solutions in 2025 while attracting top-tier talent in engineering, data science, and go-to-market teams.
Defense Unicorns Raises $35 Million Series A to Advance National Security through Open Source Software
Defense Unicorns, a software startup providing open source software and AI capabilities for National Security systems, announced it has raised a $35 million Series A funding round led by Sapphire Ventures and Ansa Capital.
Founded by early leaders of the Department of Defense’s software factories – a grassroots Air Force initiative turned mandate to accelerate secure, agile software development practices – Defense Unicorns enables continuous delivery of software and AI applications in any environment. Most notably, the company’s technology is able to deploy to air gapped environments – environments that are typically disconnected from the internet. Leveraging Defense Unicorns’ solutions, national security systems can quickly adopt modern technologies wherever the mission happens, whether in space, undersea or elsewhere. Growing defense budgets reflect demand for these modern capabilities, as the Department’s funding for IT and cyber, which includes such efforts as cloud adoption and software modernization, is set to increase to over $58.5B in FY24 with an additional $1.8B specifically planned for AI and machine learning.