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 Titanium Main Prahaladnagar Corporate Road, Satellite, S A C, Ahmedabad, Ahmadabad City, Gujarat, India, 380015.

Who is the current CEO of Prescinto?

Puneet Singh Jaggi of Prescinto. They have also founded 1 company and are angel investors in 2 startups.

Which legal entities is Prescinto associated with?

Prescinto is associated with PRESCINTO TECHNOLOGIES PRIVATE LIMITED and 1 other.

How many employees does Prescinto have?

As of Jul 31, 2026, the latest employee count at Prescinto is 31.

Is Prescinto a funded company?

Prescinto is a funded company, having raised a total of $15.7M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2020.

How much is Prescinto worth?

The last known valuation of Prescinto was $***** as of Feb 02, 2024.

When was the latest funding round of Prescinto?

Prescinto's latest funding was a $***** Series A round on Feb 02, 2024, with participation from 2 investors.

What is the annual revenue of Prescinto?

Annual revenue of Prescinto is less than ₹10 Cr as on Mar 31, 2023

Where does Prescinto rank among its competitors?

Prescinto ranks 14th amongst 388 active competitors, of which 59 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Cloover Energy, which secured $22M in Jan, 2026.

Who are the top competitors of Prescinto?

Prescinto's top competitors include Enact, Odyssey Energy Solutions and Clear Blue Technologies. Among them, Cloover Energy secured the most recent funding round in January, 2026.

Prescinto - 2026 Company Profile, Team, Funding, Competitors & Financials

Prescinto is an acquired company based in Bengaluru (India), founded in 2016 by Puneet Singh Jaggi and Sanjay Bhasin. It operates as a Provider of asset performance management software for renewable energy operators. Prescinto has raised $15.7M in funding from investors like LetsVenture, Venture Catalysts and Pegasus, with last known valuation of $*****. The company has 388 active competitors, including 59 funded and 42 that have exited. Its top competitors include companies like Enact, Odyssey Energy Solutions and Clear Blue Technologies.

Company Details

Provider of asset performance management software for renewable energy operators. The software helps maximize asset performance, minimize downtime, and optimize energy generation. It leverages advanced analytics, artificial intelligence-driven insights, and automated workflows. The software identifies root causes and recommends corrective actions in near real time. Designed for wind, solar, and battery storage systems, it helps bridge the gap between expected and actual energy output. The software drives greater reliability and profitability. It provides asset performance visibility and helps address underperformance. The software integrates near real-time performance data from renewable assets to boost energy production. It also streamlines reporting.

Website: prescinto.ai
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Registered Address: Titanium Main Prahaladnagar Corporate Road, Satellite, S A C, Ahmedabad, Ahmadabad City, Gujarat, India, 380015

Key Metrics

Founded Year

2016

Location

Bengaluru, India

Stage

Acquired

Total Funding

$15.7M in 5 rounds

Latest Funding Round

Series A, Feb 02, 2024, $*****

Last Known Valuation

$***** as on Feb 02, 2024

Investors

LetsVenture & 100 more

Ranked

14^th among 388 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2023

Employee Count

31 as on Jul 31, 2026

Similar Companies

Odyssey Energy Solutions & 279 more

Exit Details

Acquired by IBM (Oct 15, 2024)

View Prescinto's full profile

Prescinto is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PRESCINTO, INC. CIN: 7390790 , United States, Active	Apr 05, 2023	-	-	-
PRESCINTO TECHNOLOGIES PRIVATE LIMITED CIN: U72501GJ2016PTC094565 , India, Active	Dec 05, 2016	0 - ₹10 Cr (As on Mar 31, 2023)	71 (As on Mar 01, 2025)

Prescinto got acquired by IBM on Oct 15, 2024.

Click here to take a look at Prescinto's acquisition in detail

Prescinto has raised a total funding of $15.7M over 5 rounds. Its first funding round was on 2020. Its latest funding round was a Series A round on Feb 02, 2024 for $*****. 2 investors participated in its latest round. Prescinto has 78 institutional investors and 23 angel investors.

Here is the list of recent funding rounds of Prescinto:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 02, 2024	5205286	Series A	2927775	2407072	8814899	4506289
Feb 11, 2022	4623844	Series A	2150806	1171704	2410875	Selenium Trust & 46 more
Mar 17, 2021	2508967	Seed	4112649	8501097	Venture Catalysts & 2 more	Mumbai Angels & 19 more

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View details of Prescinto's funding rounds and investors

The founders of Prescinto are Puneet Singh Jaggi and Sanjay Bhasin. Puneet Singh Jaggi is the CEO of Prescinto.

Here are the details of Prescinto's key team members:

Puneet Singh Jaggi: Co-Founder & CEO of Prescinto and founder of 2 other companies, Blu-Smart and IBM. They are also an angel investor in 2 startups.
Contact Info: 1 email address
Sanjay Bhasin: Former Co-Founder of Prescinto and founder of 1 other company.
Contact Info: 1 email address

Prescinto's Board of Directors

Prescinto's board has 1 active member. Anmol Singh Jaggi is independent board member.

Here is the list of Prescinto's board of directors:

Name	Type	Representing	Status	Duration
minfrdc	Team	-	Past	8y 5m
Anmol Singh Jaggi	Independent board member	-	Current	7y 11m
jdkpwia	Independent board member	-	Past	4y 9m

View details of Prescinto's Founder profiles and Board Members

Prescinto's employee count trend

Prescinto has 31 employees as of Jul 26. Here is Prescinto's employee count trend over the years:

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Top competitors of Prescinto include Enact, Odyssey Energy Solutions and Clear Blue Technologies. Here is the list of Top 10 competitors of Prescinto, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Enact 2014, Pleasanton (United States), Series B	Provider of software solutions for monitoring solar energy usage and production	$16.8M	Plug and Play Tech Center, Energy Growth Momentum ... & 5 others	64/100
2nd	Odyssey Energy Solutions 2017, Boulder (United States), Series A	Provider of end-to-end platform for distributed renewable energy finance	$38.8M	Equal Ventures, Union Square Ventures & 11 others	63/100
3rd	Clear Blue Technologies 2011, Toronto (Canada), Public	Developer of smart off-grid controllers	$3.94M	Ontario Centre of Innovation, Haywood & 8 others	63/100
4th	Equilibrium Energy 2021, San Francisco (United States), Series B	Provider of software solutions for portfolio management	$132M	DCVC, Breakthrough Energy & 7 others	63/100
5th	Lancium 2014, The Woodlands (United States), Series D	Developer of infrastructure for artificial intelligence data centers and power orchestration	$650M	Blackstone, Hanwhasolutions & 1 others	60/100
6th	SYSO Technologies 2019, Cambridge (United States), Series B	Provider of renewable energy storage and management solutions	$33.5M	Kimmeridge, Lacuna Sustainable Investments ... & 2 others	60/100
7th	SmartHelio 2019, Ecublens (Switzerland), Series A	Provider of AI-driven software for solar plant performance and diagnostics	$6.05M	Pegasus Tech Ventures, Collab Fund & 10 others	59/100
8th	Cloover Energy 2023, Berlin (Germany), Series A	Provider of platform for renewable energy solutions and financial services	$34.9M	QED Investors, MMC Ventures & 9 others	58/100
9th	RadianGEN 2013, Oakland (United States), Acquired	Provider of solar asset management services and solutions	$1M	Eagle Private Capital, Plexus Capital & 1 others	57/100
10th	VIA 2016, Somerville (United States), Series B	Developer of Web3 solutions that protect data against theft, misuse	$48.6M	The Westly Group, Robert Bosch Venture Capital ... & 11 others	56/100
14th	Prescinto 2016, Bengaluru (India), Acquired	Provider of asset performance management software for renewable energy operators	$15.7M	BlackSoil, Authum & 99 others	54/100

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Founders (largest shareholder) own 29.15%, Funds own 21.80%, Enterprises own 13.07% and Angels own 5.69%. The net worth of Prescinto's founders is INR 81Cr as of Feb 02, 2024.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	29.15%	81Cr	3134602	4688916	8347653	8684274
Puneet Singh Jaggi	9708163	9751986	8842925	2630005	5351492	3590879
Fund	21.80%	60.6Cr	1508721	9109431	1962545	6539509
LetsVenture	124	198	916	365	170	205
Selenium Trust	481	445	692	463	499	575
Venture Catalysts	3	5	2	2	7	5
Inflection Point Ventures	0	0	0	0	0	0
Enterprise	13.07%	36.3Cr	4880920	4920971	8534032	9896944
Angel	5.69%	15.8Cr	48964	19443	22650	90622
Ramadas Cherote Menon	3	3	6	3	1	2
Other People	6.93%	19.3Cr	902766	816202	722668	950335
ESOP Pool	10.80%	30Cr	9609231	6795697	1886453	8721608
Other Investors	12.57%	34.9Cr	1959286	6598633	4312542	7621393
Total	100.00%	278Cr	7162099	9009349	5048451	1933176