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High Tech Series A Founded 2019

Pratexo

Pratexo is an edge computing platform provider that designs, deploys, and manages distributed cloud applications for AI and IoT, and and electrical infrastructure. Its flagship product, Pratexo Power Guardian, provides asset performance management, condition monitoring, and intelligent analytics for complex electrical infrastructure, serving operations and asset managers in industrial, microgrid, utility, and data…

📍 Austin,_x000D_ Oslo, United States,_x000D_ Norway · AI Infrastructure,

Funding snapshot

Last roundSeries A
Amount$4M
Date23 August 2023
Total raised$4M
Team size16

About

Pratexo is an edge computing platform provider that designs, deploys, and manages distributed cloud applications for AI and IoT, and and electrical infrastructure. Its flagship product, Pratexo Power Guardian, provides asset performance management, condition monitoring, and intelligent analytics for complex electrical infrastructure, serving operations and asset managers in industrial, microgrid, utility, and data center environments. The platform breaks silos between different electrification machine types and OEM vendors while keeping industrial data private and local. Key capabilities include system-wide visibility, detailed asset performance insights, advanced real-time analytics, generative AI-based root cause analysis, and integration with Intel OpenVINO AI inferencing toolkit. The platform augments legacy SCADA systems with scalable analytics and secure microservices. Founded in 2019 and headquartered in Austin and United States, Oslo, Norway, the company has raised $3.5M in Series A funding from investors including BCP Blitz, Raiven Capital, Northscaler, ABB, and Draycott Ventures.

Business model

Edge Computing > Edge AI Processors,

AI Infrastructure > Enabling Technologies > Hardware > Processors > Edge Processors

Institutional investors

BCP Blitz Raiven Capital Northscaler Draycott Ventures Trond Riiber Knudsen

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