Pecan AI, a Ramat Gan, Israel-based provider of an AI-based predictive analytics platform for BI analysts and business users, raised $66m in a Series C funding round.
The round was led by 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 conjunction with the funding, Crystal Huang, Partner at GV, will join Pecan AI’s board as an observer.
The company intends to use the funds to scale its global presence and accelerate research and development of its low-code predictive modeling and data science platform.
Founded in 2018 by Zohar Bronfman, CEO, and Noam Brezis, CTO, Pecan AI provides a low-code predictive modeling and data science platform that empowers business intelligence (BI) analysts to predict revenue-impacting risks and outcomes. Users can turn massive amounts of raw transactional data into accurate predictions of critical key performance indicators that directly impact revenue and profitability.
FinSMEs
02/02/2022