Fracttal, a Chile-founded AI-powered maintenance software company, has raised $35 million in a funding round led by Riverwood Capital, with participation from existing investors including Seaya Ventures, Kayyak, GoHub, and Amador. The company develops predictive maintenance solutions that use artificial intelligence, IoT data, and analytics to help organizations monitor industrial assets and anticipate equipment failures before they occur. Its platform is already used by more than 1,500 customers across over 60 countries, managing more than 20 million assets in sectors such as manufacturing, logistics, and facilities management. With the new funding, Fracttal plans to expand its presence across Latin America and Europe, particularly in markets like Mexico and Brazil, where demand for digital maintenance tools is growing. The company will invest heavily in product development, focusing on enhanced AI capabilities, IoT integration, and agent-based automation, while also scaling its engineering and commercial teams. Fracttal also plans to pursue acquisitions to strengthen its global position in industrial AI software.
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