Round led by Sapphire Ventures values Tractian at $1.4 billion, accelerates efforts to scale multimodal intelligence for asset-heavy industries worldwide

ATLANTA, Oct. 22, 2026 /PRNewswire/ — Tractian, the leading Physical AI platform for asset-heavy industries, today announced a $130M Series D round led by Sapphire Ventures and co-led with M&G’s Catalyst. The round values the company at $1.4 billion and accelerates its evolution from predicting failures to protecting the full health of every critical machine an operation runs on. New and existing investors such as N47, General Catalyst, Bosch Ventures, 53 Stations, Monashees, Endeavor Catalyst, Norte Ventures, and Y Combinator also participated.

Tractian’s asset health solution protects the infrastructure that keeps the world running by applying Physical AI to critical machines. Its multimodal intelligence platform leverages vibration, ultrasound and other sensor modalities to sample machine data across a vast array of variables at once, turning those signals into a single living picture of each machine’s condition. Tractian’s agentic platform, trained on one of the largest industrial failure datasets in existence, then turns that picture into a diagnosis, identifying root causes of any potential problems and providing a recommended plan of action for the operator.

Igor Marinelli, CEO and Founder of Tractian, said, “I grew up watching my father work as a maintenance technician at a paper mill, and I saw how backwards the tools were for the people keeping those machines alive. That sparked my passion to transform how mission-critical assets are maintained in every industry that relies on heavy machinery. This funding round will allow us to scale our platform even further, providing manufacturers, data center operators, defense companies, utilities and more with strategic insights to help optimize the health of their machines, close the alert-to-action gap and eliminate unplanned downtime and lost revenue.”

Tractian is trusted by some of the world’s largest enterprises to protect the critical assets and infrastructure powering their operations. From pharmaceutical giants like Eli Lilly to McKesson’s high-tech distribution centers, Whirlpool’s appliance manufacturing operations, Coca-Cola bottling facilities, Cummins’ industrial engine production, and Embraer’s cutting-edge manufacturing plants, as well as undisclosed customers operating mission-critical data centers and government infrastructure, Tractian is helping keep essential industries running. Today, more than 2,000 critical facilities worldwide rely on Tractian’s technology to keep their equipment running, with no surprises or unexpected outages.

“The AI boom is driving a massive build-out of physical infrastructure, and the companies building and running it can’t afford equipment failures. Tractian is meeting the moment, winning big industrial customers and building a Physical AI platform that gets sharper with every machine it monitors,” said Anders Ranum, Partner at Sapphire Ventures. “When we led Tractian’s Series C, we believed that combining hardware, data, and AI would give the company a real edge. Since then, our thesis has only strengthened. We’re thrilled to once again lead Tractian’s latest round and continue our partnership with Igor and his team.”

The Growing Stakes of Unplanned Downtime

Unplanned downtime costs the world’s 500 largest industrial companies roughly 11% of annual revenue, or about $1.4 trillion a year (Siemens, True Cost of Downtime, Jan 2026). Aging infrastructure compounds the problem, with industrial fixed assets now averaging 24 years in service.

At the same time, the people who know those machines best are leaving at an accelerated rate. Deloitte projects that over 2.1 million manufacturing jobs could go unfilled by 2030. The hard-earned veteran knowledge of how each machine functions or fails will depart with them.

For many asset-heavy companies and those that depend on them, any increase in unplanned downtime can be devastating, from pharmaceutical lines where a brief stoppage or temperature change can mean the loss of an entire production run to data center operators whose software customers may cancel contracts if KPIs are missed.

Built for Operations That Can’t Fail

Tractian was built to solve these challenges. The company’s solution puts individual knowledge regarding a machine’s performance where the next technician can reach it, transforming the expertise of an operator’s retiring workforce into something a plant, and its people, keep.

Tractian’s solutions are trusted where downtime isn’t an option, keeping compressors, chillers, palletizers, pumps, backup systems and more running across pharma, food and beverage, oil & gas, datacenters, government and defense, energy and water, and the manufacturing plants pulling production back onto American soil.

About Tractian
Tractian is the Physical AI that keeps the world’s infrastructure running, ensuring your everyday life stays uninterrupted by outages you never knew could happen. By combining physically deployed sensors with its proprietary AI trained on one of the largest industrial assets datasets in existence, Tractian gives reliability and operations teams the ability to protect assets at every layer, and act on evidence instead of instinct. Over 2,000 customers worldwide run on Tractian. The company is headquartered in Atlanta, with offices in Monterrey, São Paulo, and Poland, and employs more than 700 people. Learn more at tractian.com.

About Sapphire Ventures
Sapphire Ventures partners with Enterprise AI founders building Companies of Consequence. With 15+ years of experience and $10B+ in AUM, the firm invests with high conviction in a select number of post–product-market fit companies. Sapphire helps founders scale go-to-market, operations, and leadership—contributing to 30+ public listings and 50+ acquisitions. Investments include Glean, Cyera, Temporal, LangChain, Clay, Huntress, EliseAI, Grafana, WorkOS, and OneBrief.

About M&G’s Catalyst strategy
Catalyst is a global growth equity strategy investing in technology-led businesses with proven models and global scale potential, focusing on themes including climate, infrastructure healthcare and financial inclusion. Catalyst is backed by M&G’s £138 billion With Profits Fund, alongside other major investors including the British Business Bank, providing patient capital to support high- growth innovative companies and broader economic development.

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SOURCE Tractian Technologies Inc

FORT LAUDERDALE, Fla., Oct. 22, 2026 /PRNewswire/ — XTI Aerospace, Inc. (Nasdaq: XTIA) (“XTI Aerospace,” “XTI,” or the “Company”), an aerospace and advanced technology platform and parent company of Drone Nerds, LLC, (“Drone Nerds”), a leading drone solutions platform serving commercial, enterprise and government customers, today announced preliminary revenue for the third quarter ended September 30, 2026 of $35.3 million, which is in line with the 2026 revenue outlook of $125 million to $130 million provided in the Company’s release of second quarter results issued earlier this week.

Preliminary third quarter revenue is unaudited, is based on currently available information, and is subject to completion of the Company’s quarter-end financial closing procedures and review by its independent registered public accounting firm. Actual results may differ materially from these preliminary results.

“The third quarter saw an approximately 9% sequential increase from the second quarter of 2026 led by continued demand for enterprise drone solutions and expanded product offerings across public safety, government, energy, infrastructure, agriculture and commercial markets,” said Jeremy Schneiderman, XTI Aerospace’s Interim Chief Executive Officer. “This revenue growth, together with the reductions in corporate overhead and lower cash burn we achieved in the third quarter, reflects progress on our plan, while we continue to work to address our near-term liquidity needs, including the restructuring of our acquisition-related notes.”

About XTI Aerospace, Inc.

XTI Aerospace, Inc. (“XTI”) (Nasdaq: XTIA) is focused on building a leading platform for commercial and government drone adoption in the growing unmanned aircraft systems (“UAS”) industry. Through its subsidiary, Drone Nerds, LLC, XTI supports enterprise and government customers in sectors including public safety, agriculture, construction, and energy across the drone program lifecycle, from hardware sourcing and deployment to training, service, repair, and the proprietary Always Flying™ program. Its established U.S. customer base and reputation as a trusted solutions provider position the company as a go-to-market partner for drone manufacturers and software developers seeking to scale in the domestic market.

For more information about XTI, please visit xtiaerospace.com and follow XTI on LinkedIn, Instagram, X, and YouTube.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release are forward-looking statements.

Forward-looking statements may be identified by words such as “believe,” “continue,” “could,” “would,” “will,” “expect,” “intend,” “plan,” “target,” “estimate,” “project,” or similar expressions. These statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied. Such risks include, but are not limited to, the Company’s ability to obtain a waiver of the existing cross-defaults under its asset-based credit facility and to restructure or repay its acquisition-related promissory notes before the limited waiver period expires, which may occur on ten days’ notice from the noteholders and in any event no later than December 31, 2026, the risk that its lender declines to make further advances or accelerates outstanding borrowings, substantial doubt about the Company’s ability to continue as a going concern, the Company’s ability to maintain the listing of its common stock on Nasdaq, the impact of Section 232 tariffs and other trade measures; pending regulatory inquiries and proceedings relating to the Company and its subsidiaries; potential conflicts of interest arising from its Interim Chief Executive Officer’s economic interest in the holders of its acquisition-related notes, market adoption, regulatory requirements, supply chain conditions, technological development, integration of the acquired businesses, the Company’s liquidity and ability to access additional capital on acceptable terms or at all, the Company’s negative stockholders’ equity and the sufficiency of its capital resources, and changes in applicable laws or regulations, customer demand variability and seasonal purchasing patterns, the Company’s ability to achieve projected gross margins and operating cost reductions, working capital timing and inventory management, the outcome of pending legal proceedings involving the Company and its subsidiaries, the Company’s ability to maintain relationships with key suppliers, restrictions and covenants under the Company’s ABL credit facility, risks related to the wind-down of the Company’s ADS division and the development of its ATM division, which has not generated revenues, and the potential for significant non-cash charges related to changes in the fair value of warrant liabilities as well as the other risks and uncertainties described in the Company’s filings with the SEC. The Company’s financial outlook and other projections in this press release are based on management’s current expectations and assumptions and are particularly subject to these risks. XTI undertakes no obligation to update any forward-looking statements to reflect subsequent events or circumstances, except as required by applicable law. Readers are encouraged to review the risk factors described in XTI’s filings with the SEC, including its most recent Annual Report on Form 10-K and subsequent filings.

Contacts:

General inquiries:
Email: contact@xtiaerospace.com
Web: https://xtiaerospace.com/contact

Investor Relations:
IR@xtiaerospace.com

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SOURCE XTI Aerospace, Inc.

PALM BEACH, Fla., Oct. 22, 2026 /PRNewswire/ — Forum Markets, Incorporated (Nasdaq: FRMM), an innovator in sourcing and operating cash-generating assets in AI infrastructure, commercial aerospace and AI-powered consumer finance, today announced it expects to release its financial results for the third quarter ended Sept. 30, 2026, before the U.S. markets open on Thursday, Nov. 12, 2026. McAndrew Rudisill, chairman and chief executive officer, and John Saunders, chief financial officer, will host a live webcast on the same day at 10:30 a.m. EST to discuss third quarter results and operational updates.

To register and listen to the live webcast, please use the link found here. A replay of the webcast will be available for approximately one year in the investor section of the company’s website.

About Forum Markets, Incorporated

Forum Markets, Incorporated (Nasdaq: FRMM) is an innovative company that sources and structures cash-generating assets with attractive risk-adjusted returns in AI infrastructure, commercial aerospace, manufactured housing finance and auto credit. The Company draws on proprietary origination pipelines and strategic co-investment partnerships to scale its portfolio and generate durable operating income. Forum integrates traditional asset management principles with hands-on operational execution as it builds a new framework for how real-world assets are owned, managed and monetized. For more information, please visit forum-markets.com.

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SOURCE Forum Markets, Incorporated