Pratexo Raises $3.5M in Seed Funding
- Pratexo Inc., an Austin, Texas-based intelligent edge computing and distributed cloud platform for AI, IoT, and Industry 4.0, closed a $3.5M seed funding round
- The round was led by BCP Blitz LP, Raiven Capital, and Northscaler, along with a consortium of business and technology leaders from the U.S., Canada, and Scandinavia
- The company intends to use the funds to accelerate both its platform development and go-to-market efforts across North America and Europe
- The company provides a technology platform to support IoT and artificial intelligence strategies and initiatives which demand compute power at the edge
- Suited for industries such as shipping, energy, utilities, defense, and smart buildings/cities, Pratex’o uses open
- The company announced it has added seven new members to its Advisory Board, most of whom are also investors in the company
