About Prescinto
Prescinto is a company based in Bengaluru (India) founded in 2016 by Puneet Singh Jaggi was acquired by IBM in October 2024. Prescinto has raised $15.7 million across 4 funding rounds from investors including IBM, BlackSoil and Gensol. The company has 89 employees as of July 31, 2024. Prescinto offers products and services including IBM Maximo Renewables and Drone Thermography. Prescinto operates in a competitive market with competitors including Unleash live, Verse, Digitised Energy, 50 Hertz and Green Power Labs, among others.
- Headquarter Bengaluru, India
- Employees 89 as on 31 Jul, 2024
- Founders Puneet Singh Jaggi
- Stage Minicorn
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Sectors
Energy & Utilities
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Email
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Phone
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Website
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Social
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Annual Revenue
$1.02 M (USD)40as on Mar 31, 2023
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Net Profit
-$3.23 M (USD)0as on Mar 31, 2023
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EBITDA
-$2.57 M (USD)-141as on Mar 31, 2023
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Total Equity Funding
$15.7 M (USD)
in 4 rounds
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Latest Funding Round
$3.01 M (USD), Series A
Feb 02, 2024
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Investors
IBM
& 77 more
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Employee Count
89
as on Jul 31, 2024
- Acquired by
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Products & Services of Prescinto
Prescinto offers a comprehensive portfolio of products and services, including IBM Maximo Renewables and Drone Thermography.
Platform for optimizing renewable energy assets with AI insights.
Technology for detecting solar asset issues through thermal imaging.
People of Prescinto
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Funding Insights of Prescinto
Prescinto has successfully raised a total of $15.7M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $3.01 million completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Prescinto
Prescinto has secured backing from 78 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include IBM, BlackSoil and Gensol.
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Early-stage investments are targeted at healthcare, fintech, and education sectors.
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Startup accelerator
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Investment and consulting firm supporting startups and organizations through strategic funding and development services.
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Investor details for Prescinto
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Investments & Acquisitions by Prescinto
Investment portfolio details for Prescinto
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Financial Statements - Prescinto
Detailed financials for Prescinto
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Prescinto Comparisons
Peer comparison for Prescinto
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Competitors of Prescinto
Prescinto operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Unleash live, Verse, Digitised Energy, 50 Hertz and Green Power Labs, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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AI based platform offering image and video analytics solutions
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A SaaS platform for renewable energy management is provided.
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Provider of big data analytics for renewable energy
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50 Hertz delivers comprehensive software suites for scheduling and forecasting needs.
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Predictive analytics are provided for solar energy applications.
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Detailed competitors of Prescinto
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Latest news on Prescinto
Complete news archive for Prescinto
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Frequently Asked Questions about Prescinto
Prescinto was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Prescinto is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Puneet Singh Jaggi is the current CEO of Prescinto. They have also founded this company.
Prescinto is a funded company, having raised a total of $15.7M across 4 funding rounds to date.
As of Jul 31, 2024, the latest employee count at Prescinto is 89.
Annual revenue of Prescinto is $1.02M as on Mar 31, 2023.
Prescinto was founded in 2016 in Bengaluru, India, as a platform in the renewable energy sector. AI-driven analytics are utilized to streamline operations and manage energy storage assets. Real-time plant performance is tracked via a dashboard, while pre-trained models are employed to detect performance issues. Data-driven insights are delivered to aid decision-making processes.
Prescinto's top competitors include Unleash live, Verse and Digitised Energy.
Prescinto offers IBM Maximo Renewables and Drone Thermography.
Prescinto has 78 investors. Key investors include IBM, BlackSoil, Gensol, Mumbai Angels, and Venture Catalysts.
The valuation of Prescinto is $33.48M as of Feb 2024.