Spain’s Fracttal raises €29.8 million to expand maintenance platform across Europe and LATAM
Madrid-based Fracttal, an AI-powered maintenance solution provider, has secured €29.8 million in funding. This investment round will fuel the company's expansion across Europe and Latin America, specifically targeting key markets such as Mexico, Brazil, Spain, and France. The funding highlights the growing interest in AI-driven solutions for industrial maintenance and asset management within the European tech landscape. The funding round was led by Riverwood Capital, with participation from existing investors including Seaya Ventures, Kayyak, GoHub, and Amador. Fracttal specializes in AI-powered maintenance management and physical asset software, with a global presence and over 1,500 customers. Fracttal's AI-powered solution, Fracttal One, centralizes maintenance operations through integrations with enterprise systems and IoT sensors. This investment underscores the trend of proactive, AI-driven maintenance solutions. The funding landscape reveals a sustained investor interest in predictive and proactive maintenance solutions, with other European startups also receiving significant investment. This shift towards smart maintenance systems aims to improve operational efficiency, safety, and sustainability.
Curated and translated by Europe Digital for our multilingual European audience.
Source Information
European Alternatives You Might Like
Mangopay
Mangopay is a payment infrastructure provider specializing in payments for marketplaces and platforms. It offers virtual wallet technology for managing funds, enabling features such as split payments, multi-currency support, and KYC/AML compliance. Key functionalities include automated payouts, transaction monitoring, and customizable payment flows. This service is primarily aimed at businesses that manage marketplaces, crowdfunding platforms, and sharing economy models and require complex payment solutions. Mangopay distinguishes itself by offering a flexible and scalable payment solution specifically designed for platform-based business models, allowing them to control cash flows and streamline payment processes.
Scaleway
Scaleway is a European cloud computing provider offering a range of services, including servers, storage, and networking solutions. Key features include bare metal servers, virtual machines, object storage, and managed Kubernetes. It's suitable for developers, startups, and businesses seeking cloud infrastructure for web applications, data storage, and various other workloads. Scaleway distinguishes itself through competitive pricing and a focus on European data sovereignty, with data centers in France and the Netherlands.