Trovares, founded by former Cray Inc. CEO Jim Rottsolk, announced Monday that it has raised $2 million in new funding and launched a security product based around its graph analytics technology.
Based in downtown Seattle, the company declined to provide further details about the new investment beyond confirming the Series A round has been completed. According to a form filed with the U.S. Securities and Exchange Commission, Trovares just raised $2 million of a total expected round of $2.6 million with Rottsolk, Trovares chief technology officer David Haglin, and longtime Seattle attorney Rich Padden of Carney Badley Spellman are listed on the form as the related persons involved in the deal.
Trovares is working on graph analytics, and introduced a new product Monday designed to apply that technology to security. The technology allows high-performance computers to operate at maximum efficiency when analyzing large graphs of data, in hopes of discovering “complex patterns” that can indicate security threats, the company said in a press release.
The Department of Defense is a new customer for the security product, known as Trovares xGT, the company said. It runs on Amazon Web Services and can also run inside customer data centers.
Rottsolk, who is co-founder, CEO, and president of Trovares, co-founded Tera Computer in 1988 and later acquired the Cray Research arm of Silicon Graphics, merging those assets to form a new Seattle company called Cray Inc. He stepped down in 2006 and later joined Microsoft Research before founding Trovares in 2014.
