Prescient Raises $40M in Series D Funding

Prescient, an Arvada, Colo.-based provider of a solution to plan, design, manufacture, build and operate multi-unit buildings, raised $40m in Series D funding.

The backers were not disclosed.

The round pre-money valued the company at $475m and brought total equity raised to date by Prescient to $80m.

The company intends to use the funds to continue to expand operations and market reach.

Founded in September 2012 and Executive Chairman and CEO Satyen Patel, Prescient is a software design, engineering, manufacturing and installation company with an innovative design platform for multi-unit buildings including apartments, student housing, senior living, hotels and armed forces housing.
The company, which currently has approx. 300 employees, uses precision manufacturing technology including robotics, laser cutting systems and numerically controlled flexible manufacturing systems to deliver buildings with very tight tolerances akin to the automotive industry.
From 2013 through 2016, Prescient focused on building multiunit housing across Colorado, Florida, Nebraska, Missouri and Texas. In 2017, the company will expand its building presence into Georgia, Illinois, Kansas, Kentucky, New York, North Carolina, Ohio, Oklahoma and Tennessee.



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