Industrial technology startup Tractian secured R$120.1 million in non-equity financing from the Banco Nacional de Desenvolvimento Econômico e Social (BNDES) to accelerate its robotics research and development, a major capital injection that bypasses the constraints of the country's cautious venture capital market. The funding, extended through the BNDES Mais Inovação program, will be deployed over a project timeline ending in June 2028 to develop a new generation of artificial intelligence-powered robotic assistants for predictive industrial maintenance. This government-backed non-dilutive capital offers a crucial financial pathway for high-risk, long-cycle deep technology, differentiating itself from a broader VC landscape that remains focused on liquidity and immediate returns.