Prescient Devices
Latest round
- Seed
Last raised
- Apr 2021
Total raised
- $2M
Investors
- 1
About Prescient Devices
Prescient Devices, Inc.Founded in 2018, Prescient Devices, Inc. is based in Concord, Massachusetts, USA. The company focuses on asset management solutions, highlighting its innovative products and services. Andy Wang serves as the CEO and founder, guiding the company’s strategic direction.Prescient specializes in advanced asset management solutions, primarily through its flagship product, the GenAI Asset Life Model, which provides predictive analytics for equipment performance. This product enables organizations to accurately forecast equipment failures months in advance, thereby significantly reducing non-productive time by up to 79% and extending equipment life through just-in-time maintenance. The company also offers operational digital twins that are real-time and history-accurate, allowing clients to visualize and manage their assets more effectively. Prescient serves a diverse client base across various sectors, including oil and gas, where companies like Precision Drilling have utilized Prescient's technology to enhance operational efficiency.Prescient's revenue model is structured around B2B partnerships, where clients engage with the company to implement and integrate its asset management solutions into their operational frameworks. The company typically establishes contracts that may include one-time setup fees along with ongoing subscription-based services for continuous access to software updates and support. These transactions often involve tailored pricing plans based on the specific needs of the client, factoring in the scale of asset coverage and the complexity of integration. Notable services include the implementation of distributed functional block programming technology, which enhances innovation speed by 20 times compared to traditional software coding. The company is focusing on developing new products aimed at enhancing its asset management capabilities while targeting expansion into international markets, specifically in Europe and Asia, by the end of 2023.
Who invested in Prescient Devices
1 investor across 1 round
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Funding rounds
Seed
Apr 26, 2021
Amount
$2M
Investors
Questions about Prescient Devices
Who invested in Prescient Devices?
Prescient Devices has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Prescient Devices raised?
Prescient Devices has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Prescient Devices last raise money?
Prescient Devices's most recent round on record is a Seed, in Apr 2021.
What does Prescient Devices do?
Prescient Devices is a software company.
Where is Prescient Devices headquartered?
Prescient Devices is headquartered in Concord, US.
Which VCs invest in companies like Prescient Devices?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Prescient Devices's stage. Their profiles are linked below.
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