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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for optimizing renewable energy assets with AI insights.
Technology for detecting solar asset issues through thermal imaging.
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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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $3.0M
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First Round
First Round
(28 Nov 2020)
- Investors Count 77
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series A - Prescinto | Valuation |
investors |
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| Feb, 2022 | Amount | Series A - Prescinto | Valuation | LetsVenture | |
| Mar, 2021 | Amount | Seed - Prescinto | Valuation | Venture Catalysts , Inflection Point Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage investments are targeted at healthcare, fintech, and education sectors.
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Founded Year | Domain | Location | |
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Startup accelerator
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Founded Year | Domain | Location | |
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Investment and consulting firm supporting startups and organizations through strategic funding and development services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Prescinto
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Prescinto
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Prescinto Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI based platform offering image and video analytics solutions
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| domain | founded_year | HQ Location |
A SaaS platform for renewable energy management is provided.
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| domain | founded_year | HQ Location |
Provider of big data analytics for renewable energy
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| domain | founded_year | HQ Location |
50 Hertz delivers comprehensive software suites for scheduling and forecasting needs.
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| domain | founded_year | HQ Location |
Predictive analytics are provided for solar energy applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Prescinto
Frequently Asked Questions about Prescinto
When was Prescinto founded?
Prescinto was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Where is Prescinto located?
Prescinto is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Prescinto?
Puneet Singh Jaggi is the current CEO of Prescinto. They have also founded this company.
Is Prescinto a funded company?
Prescinto is a funded company, having raised a total of $15.7M across 4 funding rounds to date. The company's 1st funding round was a Seed of $3.5M, raised on Nov 28, 2020.
How many employees does Prescinto have?
As of Jul 31, 2024, the latest employee count at Prescinto is 89.
What is the annual revenue of Prescinto?
Annual revenue of Prescinto is $1.02M as on Mar 31, 2023.
What does Prescinto do?
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.
Who are the top competitors of Prescinto?
Prescinto's top competitors include Unleash live, Verse and Digitised Energy.
What products or services does Prescinto offer?
Prescinto offers IBM Maximo Renewables and Drone Thermography.
Who are Prescinto's investors?
Prescinto has 78 investors. Key investors include IBM, BlackSoil, Gensol, Mumbai Angels, and Venture Catalysts.
What is Prescinto's valuation?
The valuation of Prescinto is $33.48M as of Feb 2024.