Fracttal raises $35M to expand AI-driven maintenance for asset-intensive industries

Madrid-based Fracttal,
a provider of AI-powered maintenance solutions, has closed a $35 million
funding round led by Riverwood Capital, with participation from existing
investors. The investment is intended to support the company’s continued
growth, product development, and global expansion.

Fracttal provides
AI-powered maintenance management and physical asset software to more than
1,500 customers worldwide. Its flagship platform, Fracttal One, centralises
maintenance operations through open integrations with enterprise systems,
third-party IoT sensors, and the company’s proprietary IoT hardware portfolio.

Together with its
Fracttal Sense device line, the platform enables organisations to improve
operational efficiency, safety, and sustainability by connecting data, people,
and assets across industrial environments.

According to CEO and
co-founder Christian Struve, Fracttal was founded on the belief that
maintenance should shift from reactive processes to proactive,
intelligence-driven operations that enhance efficiency and safety. He added:

Today, AI is accelerating this shift, and Fracttal is at the forefront
with a platform built on predictive and agentic capabilities that transform
maintenance into a competitive advantage.

Fracttal currently
manages more than 20 million registered assets and operates in over 60
countries. Its customer base spans manufacturing and facilities maintenance and
includes companies such as Iberostar, Acciona, Veolia, Coca-Cola, and FedEx.

The new funding will
primarily be used to advance product development, with a focus on AI and
agentic capabilities, IoT sensor technologies, and industry-specific
functionality.

The company also plans to expand its teams
across engineering, data science, product, sales, marketing, and customer
success, while strengthening its internal structure to support sustainable
growth. In parallel, Fracttal intends to pursue selective acquisitions and
partnerships to accelerate market expansion and deepen its product offering.