Fracttal, a leading company in AI-powered maintenance solutions, announced on Wednesday it has closed a $35M USD-funding round led by Riverwood Capital, with participation from all existing investors – including Seaya Ventures, Kayak, GoHub, and Amador.
The investment is set to be used to accelerate the startup’s growth in Europe and Latin America, where Fracttal already has strong product-market fit, marquee customers, and sees growing demand from mid-market and enterprise-clients seeking predictive maintenance.
“Fracttal is uniquely positioned for continued expansion, with strong momentum in Latin America and a rapidly growing footprint in Europe. We are excited to work with Christian and the Fracttal team as they scale internationally and continue advancing the future of predictive, intelligent maintenance,” said Riverwood Capital executive director Federico Storani, who will also be joining Fracttal’s board.
Founded to modernize how companies manage physical assets, the startup provides an AI-driven software that enables organizations to monitor asset performance and predict maintenance needs before failures occur. It currently manages more than 20 million registered assets and operates in over 60 countries
And, in being founded in 2015, Fracttal has also spearheaded a transformation that has become all the more evident as technology advances: asset reliability and operational efficiency in modern facilities are at the brink of evolution.
“Today, artificial intelligence and the proliferation of industrial sensors are opening possibilities that were unthinkable just a decade ago. We can now understand the condition of an asset before it fails, learn from every operation and empower maintenance teams to make faster, better decisions. That is the future we build every day at Fracttal thanks to our platform and our commitment to true Maintenance Intelligence,” said Christian Struve, CEO and co-founder of Fracttal.
The Fracttal One AI-powered solution centralizes all maintenance operations through open integrations with any enterprise system and third-party IoT sensors, as well as its proprietary portfolio of IoT hardware.
Meanwhile, Fracttal Sense enables organizations to operate with greater efficiency, safety and sustainability, supporting the startup in its mission to become a technological partner that connects data, people and assets across modern industry.
The new investment will be allocated for product development, with a strong focus on enhanced AI and agentic capabilities. Fracttal will also invest in scaling its teams across engineering, data science, product, sales, marketing and customer success, while strengthening the internal structure needed to scale sustainability.
In parallel, the company will actively pursue inorganic growth opportunities – such as strategic acquisitions and partnerships to strengthen market expansion, deepen product capabilities, and consolidate its leadership in key regions.
“Maintenance is one of the largest and most mission-critical functions across industrial and infrastructure sectors, yet it has historically been underserved by modern software. Fracttal has developed a world-class, AI-driven platform with the technological depth needed to transform how organizations manage complex, distributed assets,” said Francisco Alvarez-Demalde, Riverwood Capital co-founder and managing partner.
“We invested in Fracttal early because the team combined deep domain knowledge with the ability to execute over the long term. Since then, they’ve consistently delivered on their roadmap, expanded internationally, and built a platform that solves real, operationally critical problems. This next phase is about scaling that impact globally,” added Pablo Pedrejón, partner at Seaya Ventures and an early investor in Fracttal.
Featured image: Getty Images via Unsplash+
Disclosure: This article mentions clients of an Espacio portfolio company.
