The new funding will enable Fracttal to enhance its AI-powered maintenance platform, expand IoT and industry-specific capabilities, scale global teams, and pursue partnerships and acquisitions to support international growth.
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.