ABB invests in edge-to-cloud platform innovator Pratexo
Summary
Since its formation in 2009, ABBs venture capital unit, ABB Ventures, has invested around $450 million into startups that are aligned with its electrification, robotics, automation and motion portfolio.ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. www.abb.comPratexo was founded in 2019 based on two decades of experience helping to build some of the most scalable and performant cloud-based applications in the world for organizations including PayPal and NASA. Its flagship product, Pratexo Power Guardian, ensures the reliability and efficiency of complex electrification infrastructure at industrial, energy, and utilities companies as well as data-centers. Based on Pratexos highly-flexible edge-to-cloud deployment platform, Power Guardian enables asset and operations managers to break the silos between different electrification ma-chine types and OEM vendors while also keeping their critical data private and local.