Prescinto, a solar monitoring and analytics platform has announced that it has closed $ 3.5 million in seed round funding for expansion into international markets (primarily the US market) and further intellectual property and artificial intelligence developments. …
The round was led by Venture Catalysts and other participants were Inflection Point Ventures, Mumbai Angels, and Lets Venture, and Angel Investors and Funds. Prescinto plans to focus on market expansion to capture international markets with main focus on performance enhancement. Prescinto has a patented SaaS platform which claims to have increased solar power generation by 5 per cent while having reduced operations and maintenance costs.