Stratio, a Lisbon, Portugal-based world’s leading real-time predictive fleet maintenance platform, announced a $12 million in Series A funding round to further accelerate its growth.
The round was led by Forestay Capital, the Deep Tech and SaaS Venture Capital arm of Waypoint Capital, with participation from existing investor Crane Venture Partners.
The fund will be used to further accelerate the company’s global expansion, increase its R&D, speed up overall time-to-market, and double its headcount by the end of 2022.
Company: Stratio Automotive
Raised: $12.0M
Round: Series A
Funding Month: November 2021
Lead Investors: Forestay Capital
Additional Investors: Crane Venture Partners
Company Website: https://stratioautomotive.com/
Software Category: Predictive fleet maintenance platform
About the Company: Stratio is the World’s Leading real-time predictive fleet maintenance platform. Stratio’s platform enables zero downtime for 5 of the ten largest transportation companies in the world. Fleet operators in Europe, the US, Asia-pacific, and Latin America trust Stratio’s technology to fully leverage the data under the hood to safeguard operations and keep customers happy. Stratio’s technology has enabled transportation for 1.3 billion people so far.
Source: https://www.globenewswire.com/news-release/2021/11/30/2342683/0/en/Stratio-raises-12M-Series-A-to-Scale-AI-based-Predictive-Fleet-Maintenance-Platform-using-Real-time-Augmented-Intelligence.html