Pecan AI Overview
Pecan is a company that offers a unique low-code predictive analytics and data science platform. The company's platform enables businesses to harness the power of AI and predictive modeling without the need for data scientists or data engineers on their staff. Pecan simplifies data preparation, automates feature engineering, and creates high-performance models for specific use cases. This allows SQL-trained BI analysts to effectively leverage large amounts of raw data and build accurate predictions in a matter of days. Pecan's solutions help companies transform historical data into valuable insights that drive improvements in customer lifetime value, retention, conversion rates, demand forecasting, and other revenue-related metrics. The company's predictions have a significant impact on the revenue of various industries, including fintech, insurance, retail, consumer packaged goods, mobile apps, and consumer services, catering to companies of all sizes.
Cumulative Funding Raised Over Time ($)
$66.0MFeb 2022
$81.0MJan 2020
$116.0MMay 2021
Latest News
growth-negative
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
growth-negative
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
growth-positive
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.
CustomersExpand
growth-negative
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
growth-positive
#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.
CustomersExpand
| Sector | Business Software |
Funding
| Total funding | $116M |
| Last funding | $66M |
| Stage | C |
| Rounds | 3 |
| Investors | 7 |
Team Members
3
Employees: 51-200
Web & Social Links
| Website | www.pecan.ai/ |
| Careers | Careers page |
Locations
Tuval Street 40, Ramat Gan, Israel
Photos & Videos
1 item(s)
Pecan AI Business
Business models
B2B
Product stage
Released
Employees
51-200
Sector
Business SoftwareIT, R&D & Data SolutionsData Analysis & Decision SupportTarget Customer
Enterprise & Professional ServicesCore Technology
Platforms & InterfacesSoftwareArtificial IntelligenceMachine LearningTags (25)
business-intelligencemachine-learningartificial-intelligencedeep-learningweb-platformenterprise-solutionspredictive-analyticsdecision-makingbig-data-analyticssaasinsurance-companiesretailerstelecommunicationfood-industryhealthcare-providersdecision-supportgamesfinancial-servicesbanksmediaearly-detectiondata-scienceai-process-optimizationconsumer-packaged-goodsmanufacturersGeographic Markets
GlobalPecan AI Financials
$116M
Total funding
Undisclosed
Capital raised
$66M
Last funding
C
Funding stage
3
Total rounds
7
Investors
Cumulative Funding Raised Over Time ($)
$66.0MFeb 2022
$81.0MJan 2020
$116.0MMay 2021
Private Equity Funding
C Round
Feb 2022
$66M
Insight Partners (Lead)
,
Notable Capital, Mindset Ventures, Dell Technologies Capital, S Capital VC, Vintage Investment Partners, GV
B Round
May 2021
$35M
Notable Capital (Lead)
,
Mindset Ventures, Vintage Investment Partners, Dell Technologies Capital, S Capital VC
A Round
Jan 2020
$15M
Dell Technologies Capital (Lead)
,
S Capital VC
Pecan AI Lifecycle
Cumulative Funding Raised Over Time
$66.0MFeb 2022
$81.0MJan 2020
$116.0MMay 2021
All Events
C Round
Feb 2022
$66M
Insight Partners (Lead)
,
Notable Capital, Mindset Ventures, Dell Technologies Capital, S Capital VC, Vintage Investment Partners, GV
B Round
May 2021
$35M
Notable Capital (Lead)
,
Mindset Ventures, Vintage Investment Partners, Dell Technologies Capital, S Capital VC
A Round
Jan 2020
$15M
Dell Technologies Capital (Lead)
,
S Capital VC
Pecan AI News
10 articles
growth-negative
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
growth-negative
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
growth-positive
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.
CustomersExpand
growth-negative
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
growth-positive
#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.
CustomersExpand
growth-positive
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.
InvestmentCustomersExpand
growth-positive
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.
InvestmentExpand
growth-positive
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.
InvestmentExpand
growth-positive
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.
CustomersExpand
growth-positive
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.
InvestmentExpand
Pecan AI Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 82 |
| Team members | 3 |
Similar Companies
Similar companies data is computed dynamically and not stored in the entity profile. This section requires implementing a similarity query (e.g. by classification overlap, sector, district).
This entity has 9 classification IDs that could be used for matching.
Pecan AI Internal
Recent Updates
No update log entries.
Note: Free-text notes visible in the original Finder "Internal" tab are not present in the imported profile data. Only the update audit log is available.
Admin Info
| Confidence | 91/100 |
| Missing | markets, not claimed |
| BI Verification | Yotam Maman |
| Registrar ID | 515502672 |
| Crunchbase | pecan |
| Creator | Jenny Sotnik-Talisman |
| Creator email | genys30@yahoo.com |
| Last updater | Dana Arnon |
| Updater email | dana.arnon@mail.huji.ac.il |
| Last update | 2023-06-18T00:00:00.000Z |
| Created | 2019-02-07T00:00:00.000Z |