San Francisco-based software startup Pratexo aims to accelerate and de-risk projects in the electrification space through its edge-to-cloud computing, and has recently caught the eye of ABB, winning the ABB Electrification Startup Challenge and receiving an investment from the company.
A participating company in the DISTRIBUTECH International Initiate program, Pratexo will soon showcase its software at DISTRIBUTECH International, set for February 26-29, 2024 in Orlando, Florida.
Pratexo’s technology platform supports IoT and artificial intelligence strategies and initiatives that require compute power at the edge, such as near sensors or cameras placed in remote locations. Relevant industries include shipping, energy, utilities, defense, and smart buildings/cities, the company says. Solutions created on top of the platform include Power Balancing with FFR/FCR, Distributed EV Charging Management, and Integrated Grid Monitoring & Advanced Analytics across multiple OEM vendors.
In an interview with ABB highlighting Pratexo, CEO Blaine Mathieu about the trend towards decentralization and real-time operations that can only be optimized “at the most local level.”
“The Pratexo Studio is what enables this: our no-code platform significantly accelerates the ability of an architect or engineer to design, test, deploy, and manage complex, decentralized software architectures from the far edge up to central clouds,” Mathieu said in the interview. “The Studio builds, deploys, and configures complex multi-tiered architectures via a drag-and-drop interface to quickly create hyper-connected networks that enable data collection, advanced analytical processing, and real-time applications at scale.”
At DISTRIBUTECH, Pratexo employees say they’re most looking forward to “the chance to show the industry that using massive, slow, monolithic software applications is not the way to keep up with the rapid change of transformation that is required over the next five years.”
The chance to show the industry that using massive, slow, monolithic software applications is not the way to keep up with the rapid change of transformation that is required over the next 5 years.
