Pecan AI News
10 articles
Pecan AI parts ways with a third of its workforce in second round of layoffs | CTech
Israeli software company Pecan AI is laying off approximately 30 employees, most of whom are based in Israel. This is the second round of layoffs at the company, which previously cut 30 jobs at the beginning of 2023. The company has gone from around 130 employees to about 60 in a little over a year. The layoffs follow an organizational restructuring after the launch of its Predictive GenAI product. Pecan AI, which focuses on artificial intelligence and data analysis, has raised $117 million to date.
Layoffs
סבב פיטורים שני בפקאן: נפרדת מ-30 עובדים, רובם בישראל | כלכליסט
Pecan.ai, an AI-based business analytics company with offices in Tel Aviv and New York, is laying off about 30 employees, most of them in Israel. This is due to a significant change in the company after it developed a new product, which is expected to be its product of the future. This is the second round of layoffs for the company, which had already laid off 30 employees at the beginning of 2023 and several more during the year. After this round, about 60 employees will remain in the company. So far, the company has raised $117.5 million from investors including Insight Partners, S-Capital, GGV, Dell Technologies Capital, Mindset Ventures, and Vintage Investment Partners.
Layoffs
Pecan AI Opens Platform and Fast Predictive Modeling for All Data Professionals
Pecan AI, a leader in AI-based predictive analytics, has announced the opening of its predictive analytics platform to all users. The platform offers free trials and new fast modeling capabilities that allow users to quickly build predictive models without the need for data scientists. The platforms SQL-based interface and machine learning methods automate parts of predictive modeling, including data cleansing, feature engineering, and model selection. Pecan AIs mission is to make data science accessible to all business teams.
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Predictive analytics platform Pecan AI parts with a quarter of its employees | CTech
Israeli company Pecan AI is laying off 30 of its 120 employees, accounting for 25% of its workforce. Pecan raised $66 million in a Series C round led by Insight Partners in February 2022. Pecans low-code predictive modeling and data science platform helps BI analysts predict revenue-impacting risks and outcomes.
Layoffs
#10 Pecan AI: Predicting customer behavior
Pecan AI, founded in 2018, offers an end-to-end solution for applying machine learning to improve business performance. Their software simplifies the use of machine learning through pre-configured models, allowing users to predict customer behavior and make data-driven decisions. Pecan AI has raised $116 million in capital and has seen significant revenue growth. Their clients include Johnson & Johnson, CAA, and Phoenix Assurance Co. The founders aim to provide machine learning benefits to companies that cannot afford to hire data scientists. While there is competition in the Auto ML market, Pecan AI differentiates itself by targeting business teams who may not have programming knowledge. The founders believe that educating the market about the accessibility of machine learning is their biggest challenge.
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Pecan.ai knows you'll take a mortgage before you do
Pecan.ai, an AI-based predictive analytics company, has raised over $115 million to date, with $66 million coming in February 2022 from investors including GV, GGV Capital, Dell Technologies Capital, Mindset Ventures, and Vintage Investment Partners. The company, founded by Dr. Zohar Bronfman and Dr. Noam Brezis, uses AI to predict customer behavior and offer solutions for customer retention. Their platform is used by businesses that lack the resources of larger companies like Facebook and Amazon, but still require advanced analytical tools to compete in the post-pandemic market. Pecan.ais customers include J&J, Sciplay, Canadas CAA insurance company, and Israel’s Phoenix insurance company.
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Pecan AI raises $66 million from Insight Partners, Google, to automate predictive analytics
Israeli startup Pecan AI has raised $66 million in a Series C funding round led by Insight Partners. The companys low-code predictive modeling and data science platform helps BI analysts predict revenue-impacting risks and outcomes. Pecan plans to use the funding for commercial expansion in the US and investment in its product. The company has raised a total of $117 million to date and aims to double its employee count from 100 to 200 in the coming year. Pecans founders, Zohar Bronfman and Noam Brezis, met during their Ph.D. studies and founded the company in 2018.
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Pecan AI raises $35 million series B led by GGV
Israeli startup Pecan AI has completed a $35 million series B funding round led by GGV Capital, bringing its total financing to over $50 million. The company aims to provide commercial analysts and business stakeholders with the power of predictive AI through its analytics platform. Pecan plans to use the funding to expand its operations globally and accelerate the adoption of AI and advanced analytics. The platform aims to democratize data science and AI by allowing business analysts to build predictive models without the need for data scientists. Pecan has grown significantly over the past year and plans to recruit more employees. The company was founded in 2018 by Noam Brezis and Zohar Bronfman, both alumni of Unit 8200.
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Compassion is "more important than ever" during Covid-19, says Pecan HR head
The article discusses how Pecan Ai, an AI-powered predictive analytics platform, cares for the individual needs of its employees during the COVID-19 pandemic. The companys HR and Operations Manager, Jasmine Esulin, emphasizes the importance of compassion in maintaining a positive company culture and supporting employees as they work from home. Pecan Ai has adapted quickly to remote work and has implemented technological tools like Workable and Talenya for recruitment. The pandemic has affected the integration process for new employees, but it has also provided a work-life balance and strengthened trust between employees. Pecan Ai is actively recruiting for various positions and is focused on preserving its company culture and creating connections among employees. The company looks forward to returning to in-person interactions and normal office environments.
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Predictive Analytics Startup Pecan Emerges From Stealth With $15 Million in Funding
Predictive analytics startup Pecan AI Ltd. has raised $15 million in funding from Dell and S-Capital. Pecan offers a deep learning platform that automatically generates business intelligence predictions for companies and organizations. The platform can deliver accurate predictive models within weeks with a 90% accuracy rate. Pecan plans to double its team and open a U.S. office.
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