Pecan AI, a Ramat Gan, Israel-based leader in AI-based predictive analytics for BI analysts and business users, announced that it raised $66 million in Series C funding.
The round was led by New York-based global private equity and venture capital firm Insight Partners, with participation from GV (formerly Google Ventures) and existing investors S-Capital, GGV Capital, Dell Technologies Capital, Mindset Ventures, and Vintage Investment Partners. In the last 12 months alone, Pecan has raised over $100 million.
The funding will be used to scale Pecan’s global footprint and accelerate research and development of the industry’s only low-code predictive modeling and data science platform.
Company: Pecan AI Ltd.
Round: Series C
Funding Month: February 2022
Lead Investors: Insight Partners
Additional Investors: GV, S-Capital, GGV Capital, Dell Technologies Capital, Mindset Ventures, and Vintage Investment Partners
Company Website: https://www.pecan.ai/
Software Category: AI-powered predictive analytics
About the Company: Founded in 2018, Pecan is an AI-powered predictive analytics platform that solves business problems by generating actionable, accurate predictions in the shortest time possible. Pecan helps business intelligence, operations, and revenue teams predict mission-critical outcomes. As the world’s only low-code predictive analytics and data science platform, Pecan enables companies to harness the full power of AI and predictive modeling without requiring any data scientists on staff. With Pecan’s platform, companies turn hindsight into foresight by generating highly accurate predictions and recommendations that improve customer lifetime value, retention, conversion rates, demand forecasting, and other revenue-driving KPIs. Pecan’s predictions impact billions of dollars in revenue for fintech, insurance, retail, consumer packaged goods, mobile apps, and consumer services companies of all sizes.