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Aditya Arora

ย โ€ขย 

Faad Networkย โ€ขย 7m

BIG NEWS!! ๐Ÿ˜ I announce the acquisition of our portfolio company - Prescinto, by the software giant IBM. ๐Ÿš€ Prescinto, an IBM Company uses Artificial Intelligence to identify causes of underperformance and suggest actions to improve generation in Clean Energy plants by 7%. ๐Ÿ“ˆ It has deployed 16 GW+ solar and wind projects in over 14 countries with clients such as SoftBank Energy, Macquarie, and Radiance Renewables. โœ… Now, it will work with IBM on its asset lifecycle management solution (IBS Maximo Application Suite) and deepening its market share from 10.3%. ๐Ÿ’ช At Faad Capital, we took the bold bet on Puneet Jaggi, Ram C Menon, and Sanjay Bhasin and are incredibly happy to see this outcome just 2.5 years later.๐Ÿ™

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