Israeli artificial intelligence-based predictive analytics company Pecan has completed its Series C financing round led by Insight Partners with $66 million, according to a report by Globes financial news.
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The company completed its previous financing – in April 2021 – with $35 million.
Pecan will use the funding to accelerate the R&D of its low-code predictive modeling and data science platform that allows BI analysts to predict revenue-impacting risks and outcomes.
Founded in 2018 by CEO Zohar Bronfman and CTO Noam Brezis, Pecan has 100 employees, of which 80 are in Israel.
This new funding will help us scale Pecan further to overcome the data science scarcity gap, enabling our customers to move beyond outdated data-mining techniques that offer little value in predicting future outcomes," Bronfman said, according to Globes. "We are on a mission to unlock the potential of business intelligence and analytics through the power of AI."
