Whether you’re an investor or a startup founder, you’ll want to keep up with the latest news and developments in the world of business intelligence and analytics. In this article, we’ll be talking about a new startup aiming to help businesses unlock the power of analytics.
Startup aims to unlock the power of business intelligence and analytics
Using advanced data science methodologies and cutting edge automation, Pecan.ai aims to help businesses gain insights from their data and increase revenue. With Pecan, analysts can gain actionable insights in days. Pecan’s predictive analytics platform uses data in a variety of formats, including structured and unstructured transactional data. It offers dashboards and predictive models that are automatically trained, optimized and output to third-party software. It also supports churn and retention, cross-sell, upsell and conversion. Pecan’s target clients are mid-market and enterprise businesses. It has raised over $100 million in funding and is expanding its global markets. Pecan has a growing client base, with annual revenue increasing three times over the past year.
Pecan AI offers an easy to use platform for predictive analytics that provides actionable forecasts in days. It helps businesses to increase revenue by driving new customer acquisition, optimizing sales, and driving up and cross-sell. It is a BI-friendly predictive analytics platform that uses data in a variety of formats, training predictive models on a continuous basis.
Founders
Founded by Noam Brezis and Zohar Bronfman, Pecan AI is an analytics platform that is designed to help organizations accelerate the adoption of advanced analytics. The company offers predictive and prescriptive analytics as a service, allowing analysts to access actionable insights and output them to third-party software. It also offers dashboards and use cases to help analysts quickly generate actionable insights. It also helps organizations accelerate the adoption of business intelligence tools by enriching models with external data.
Founded in January of this year, Pecan has raised a total of $50 million in VC funding. The company’s recent funding round included GGV Capital and Vintage. Insight Partners, GV (formerly Google Ventures), and other existing investors have also participated in the round. Insight Partners led the Series C round, which included an additional $35 million in funding. This round of funding comes after Pecan raised a $11 million series A in January. Moreover, Pecan has now raised a total of $100 million in VC funding in the last 12 months.
Investors
Founded by two graduates of the Unit 8200, the Israeli military’s equivalent of the NSA, Pecan AI is a platform that brings the power of predictive analytics to business users. Pecan has raised more than $50 million in funding in its short life. In addition to new funding, existing investors, such as S-Capital, Dell Technologies Capital, and Vintage Ventures, participated in the latest round.
Pecan’s platform primarily helps retailers and mobile application developers unlock predictive insights. The company plans to double its headcount in the coming year and invest in its platform. Its clients include Slack, Square, Airbnb, and Peloton. The company recently announced that it has completed a $35 million Series B round of funding. The funding will enable the company to accelerate research and development of low-code predictive modeling.
Conclusion
Pecan plans to leverage the funding to expand globally and to help clients accelerate their advanced analytics adoption. In addition to its platform, the company provides consulting services to help clients integrate AI into their BI systems.
