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Florida-based GridGlo, which provides a predictive science platform for the utility industry, has rebranded itself TROVE Predictive Data Science, as well as raised $1.1 million in new capital.

TROVE says its data-driven predictive science platform helps utility companies optimize programs, identify fraud, forecast demand and segment customers.

"Over the past three years, we have continually refined our technology to meet the big data challenges faced by utility managers as they seek innovative ways to extract business and operational value from the smart grid,” comments Isaias Sudit, founder and CEO of TROVE.

Regarding the company rebranding, Sudit says, “After considering numerous alternatives, we settled on TROVE as a name that immediately connotes a collection of valuable resources.”

The $1.1 million capital infusion comes from new strategic investors as well as existing investor and TROVE partner CUBRC Inc., a research organization. The funding will be used to develop new applications for TROVE’s platform.


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