TRACTIAN

TRACTIAN builds sensors for condition monitoring and energy management, and a software platform for asset management. Factory or plant operators connect TRACTIAN’s sensors to their assets; installation is non-invasive and takes a matter of minutes. Smart Trac Ultra uses AI to monitor vibration, temperature, runtime, and RPM data to detect and diagnose machine issues before they become critical. Energy Trac sensors track energy consumption and costs by sector, asset, or shift to identify opportunities for efficiency. Working alongside its hardware, TRACTIAN’s proprietary CMMS serves up automated reports and supports work order and inventory management, maintenance scheduling and strategy, labor allocation, and more. Customers are in industries such as food and beverage, automotive, oil and gas, consumer goods, and facilities management.

The company offers its sensors under a hybrid hardware-as-a-service (HaaS) pricing model: Customers purchase the sensors outright and then pay recurring fees for the software. (The sensors cost $90 each and the software costs $60 per month per sensor.) According to TRACTIAN, the pricing model allows the service to pay for itself in less than two months.