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IBM acquires solar-focused SaaS startup Prescinto

EntrackrEntrackr · 1y ago
IBM acquires solar-focused SaaS startup Prescinto
Medial

Industrial research organization IBM has acquired Prescinto, an asset performance management (APM) software-as-a-service (SaaS) provider for renewables. Prescinto raised $3.5 million in a seed round led by Venture Catalysts in March 2021. Prescinto’s capabilities use AI to enable advanced monitoring, analytics, and automation to streamline renewable energy operations and manage clean energy and storage assets. Founded by Puneet Jaggi , Anmol Jaggi and Sanjay Bhasin, the Bengaluru-based firm works with services global customers across 14 countries with 16 GigaWatts under management. Puneet Jaggi and Anmol Jaggi are co-founders of mobility company BluSmart. The acquisition of Prescinto will enhance the capabilities of IBM Maximo Application Suite (MAS), IBM’s solution for asset lifecycle management. As per the company, water, natural gas, oil, nuclear, and other energy and utility enterprises globally already utilize IBM MAS. The acquisition will further enable IBM to support clients’ sustainability initiatives and net-zero goals, allowing users to track and monitor the performance of solar, wind and energy storage assets in near real-time.

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49 cleantech startups working towards making India greener

Inc42Inc42 · 1y ago
49 cleantech startups working towards making India greener
Medial

Inc42 has compiled a list of 51 Indian cleantech startups that are contributing to India's clean energy goals. These startups are working on various innovative solutions such as rooftop solar energy, biomethanation technology, air and water purification, and more. The startups mentioned in the list include 75F, Ace Green Recycling, AirOk, Bambrew, Buyofuel, Chakr Innovation, Clairco, altM, CleanMax Enviro Energy Solutions, Devic Earth, EdgeGrid, Electriq, Freyr Energy, Gegadyne Energy, GPS Renewables, Greenjoules, Greenko Group, h2e Power Systems, Hygenco, Inficold, ION Energy, Log9 Materials, Lohum, Loom Solar, Metastable Materials, MYSUN, Nepra, NewTrace, Orb Energy, Oorjan Cleantech, OxyGarden, Pi Green Innovations, Prescinto, Proklean, reNew Power, rePurpose, Sea6 Energy, SenseHawk, Skilancer Solar, Solar Ladder, SolarSquare, Swajal, The Energy Company, Uravu Labs, Varaha, WEGoT, Zenatix, and ZunRoof.

Wingify acquires AI user research startup Blitzllama

EntrackrEntrackr · 8d ago
Wingify acquires AI user research startup Blitzllama
Medial

Wingify, the parent company of experimentation platform VWO, has acquired AI-powered user insights startup Blitzllama in an all-cash deal for an undisclosed amount. Founded in 2021, Blitzllama provides tools that help product and growth teams collect and analyse user feedback in real time. Its platform allows companies to gather in-product responses, review qualitative inputs from surveys and support interactions, and use AI models to summarise themes and sentiment across large datasets. Following the acquisition, Blitzllama’s capabilities will be integrated into the VWO platform. Existing Blitzllama customers will be migrated to VWO, with access to their data and ongoing support retained. Wingify said the integration will allow teams to connect behavioural data from experiments with direct user feedback, helping them understand not just what users do, but why they do it. Blitzllama was part of Y Combinator’s Winter 2022 batch and had raised early funding from 2am VC and other SaaS-focused investors. The startup worked with digital-first businesses across fintech and retail sectors. The deal comes as Wingify continues to scale its global SaaS business. The company reported that its annual recurring revenue is approaching $60 million (Rs 540 crore), driven largely by enterprise customers outside India. The development comes nearly a year after the acquisition of Wingify by Singapore-based private equity firm Everstone. While the impact of Wingify’s acquisition by Everstone will only be visible when the SaaS firm files its FY26 numbers, the company’s profit plunged more than 60% in FY25 due to an 88% increase in employee benefit costs. Its revenue grew 34% to Rs 386 crore during the last fiscal year.

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