Carey Olsen advises AI start-up Tractian on $55 million funding round
August, 2023 - Bermuda, Bermuda
Founded in 2019, Tractian offers clients streamlined hardware-software solutions that monitor operations and use AI to predict and prevent mechanical failures. The company is now valued at US$205 million.
Tractian's founders Igor Marinelli, Gabriel Lameirinhas and Leonardo Vieira will be leading the company to use the newly raised capital to grow operations in Mexico and to drive its expansion to the US.
Carey Olsen's Alistair Russell, Trevor McCabe and Evan Stitt advised on all Cayman law aspects of the matter, working in partnership with onshore counsel Carvalho Magalhães.
