Trovares, Inc.

Trovares, Inc. provides high-speed graph analytics solutions, enabling organizations to analyze extensive datasets for critical applications such as cybersecurity and fraud detection. Their technology significantly accelerates data processing, allowing for rapid insights. Trovares, Inc.

focuses on delivering advanced graph analytics solutions. Founded in 2014, the company is headquartered in Seattle, US. Co-founders David Haglin and Jim Rottsolk have contributed to its strategic direction, with Jim Rottsolk currently serving as CEO. The company has engaged in 2 deals, with its most recent funding round occurring in November 2020, raising USD 1.

4 mn in venture funding led by an individual investor. Overall, Trovares has raised a total of USD 1. 4 mn. Trovares specializes in high-speed graph analytics solutions, primarily through its flagship product, the Rocketgraph xGT graph analytics platform.

This platform enables analysts to efficiently interrogate vast and complex datasets, facilitating deep graph analytics at unprecedented speeds. Trovares’ technology allows users to handle hundreds of billions of nodes and edges, significantly reducing analysis time from days to mere moments. Key use cases served by this platform include cybersecurity, fraud detection, anti-money laundering, insider threat detection, and disaster response, catering to both government agencies and enterprises across various sectors. The company has established partnerships with prominent organizations, including IBM, leveraging solutions that address intricate problems associated with massive datasets.

Trovares operates in multiple international markets, providing its analytical tools globally to users seeking advanced data-driven insights. Trovares’ revenue model is primarily based on a subscription structure for its graph analytics services, allowing clients to access the platform on a recurring basis. Transactions typically involve direct agreements with businesses and government agencies requiring sophisticated data analysis capabilities. Clients may subscribe to varying levels of service depending on their analytical needs and the scale of their datasets.

The company also offers a 30-day free trial, allowing potential customers to evaluate the platform before committing to a subscription. Trovares is focused on expanding its product offerings and market reach. The company is working on the launch of new features for its Rocketgraph xGT platform, although specific release dates have not been disclosed. Trovares is looking to expand into new markets, particularly targeting additional sectors in North America and Europe by the end of 2023.

The recent funding of USD 1. 4 mn will be utilized to support these initiatives, enhancing product development and facilitating market entry.