Prescinto Technologies Pvt. Ltd.
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Prescinto Technologies Pvt. Ltd. - overview
Established
2016
Location
Ahmedabad, Gujarat, India
Primary Industry
Software
About
Founded in 2016 and based in Ahmedabad, India, Prescinto Technologies Pvt. Ltd. operates as an artificial intelligence-based platform that enables the enhancement of power generation. The company has operations in 13 countries worldwide.
In March 2021, Prescinto Technologies Pvt. Ltd. raised USD 3. 5 million in seed funding led by investor Venture Catalysts, with participation from Inflection Point Ventures, LetsVenture, and Mumbai Angels.
In October 2024, IBM Corporation acquired Prescinto Technologies Pvt. Ltd. from Inflection Point Ventures, LetsVenture, Mumbai Angels, Sarcha Advisors, Venture Catalysts for an undisclosed amount. The company’s product offering includes solutions for monitoring and visualizing data from multiple projects and devices deployed across portfolios, analyzing of pre-trained data models to identify areas of underperformance of device and plant level.
It also helps to operate execution tasks, preventive, corrective, and predictive tasks, to improve operational efficiency. The company also offers services such as data acquisition, visualization, and advanced analytics automation. The company works on a subscription-based pricing plan that can be customized according to the requirements of the customer. It includes 4 packages, Monitor, Operate, Analyse, and a complete pack.
Prescinto Technologies Pvt. Ltd. plans to use the new funds raised in the seed funding round to expand its presence in the US market and to focus on its intellectual property development. The company also plans to offer services of advanced analytics, and operation and maintenance automation, and a pipeline of intellectual properties within the solar energy business space.
Current Investors
Venture Catalysts, Sarcha Advisors
Primary Industry
Software
Sub Industries
Green IT, Monitoring & Security Software, Analytics & Performance Software
Website
www.prescinto.com/
Verticals
Artificial Intelligence, Cloud Computing, Cloud Computing, IoT (Internet of Things), Mobile Apps
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Prescinto Technologies Pvt. Ltd. - timeline of key events
Prescinto Technologies Pvt. Ltd. - financials
| Fiscal Year Ended | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 3,227,800 | 21,941,317 | 4,105,341 | - | - | - |
| % Revenue Growth (YoY) | - | - | 579.8% | (81.3%) | - | - | - |
| EBITDA (USD) | (1,894,482) | (12,149,823) | 3,675,470 | (4,195,678) | - | - | - |
| Operating Income (USD) | (1,987,132) | (12,814,869) | 2,590,825 | (6,848,505) | - | - | - |
| Operating Margin | - | (397.0%) | 11.8% | (166.8%) | - | - | - |
| % EBITDA Margin | - | (376.4%) | 16.8% | (102.2%) | - | - | - |
| NET Income (USD) | (2,005,277) | (12,814,869) | 1,899,448 | (6,281,225) | - | - | - |
| % Net Margin | - | (397.0%) | 8.7% | (153.0%) | - | - | - |
Prescinto Technologies Pvt. Ltd. - employee data
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