Sapphire Ventures led a $120m Series C round in Tractian.

Sapphire Ventures, a venture capital firm, led a $120m Series C round in Tractian, a industrial comapny for manufacturing leaders, with a platform that empowers businesses to prevent unplanned downtime, boost operational efficiency, and enhance maintenance capacity, with participation from General Catalyst, Next47, and NGP Capital. "With an aging workforce and fewer younger workers entering the field, the gap between human expertise and machine understanding widens. This loss of analog, hands-on knowledge has left industrial operations struggling to maintain efficiency. There is growing momentum for the reshoring of manufacturing in the U.S., as companies seek to reduce dependencies and build more resilient supply chains," Igor Marinelli, Tractian CEO and co-founder.