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Aditya Arora
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Faad Network • 11m
BIG NEWS!! 😍 I announce the acquisition of our portfolio company - Prescinto, by the software giant IBM. 🚀 Prescinto, an IBM Company uses Artificial Intelligence to identify causes of underperformance and suggest actions to improve generation in Clean Energy plants by 7%. 📈 It has deployed 16 GW+ solar and wind projects in over 14 countries with clients such as SoftBank Energy, Macquarie, and Radiance Renewables. ✅ Now, it will work with IBM on its asset lifecycle management solution (IBS Maximo Application Suite) and deepening its market share from 10.3%. 💪 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.🙏
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