This is the Pecan.ai pitch deck to raise a $35m series-b round in 2021.
About
Pecan is an automated AI-based predictive analytics platform that simplifies and speeds the process of building and deploying predictive models in various customer-related and operational use-cases, such as LTV, churn, NBO, risk, and segmentation. Pecan does not require any data preparation, engineering, or prepossessing – it connects directly to raw data, and uses neural networks to automate the entire predictive process. With Pecan, organizations can obtain and deploy AI models in days, without relying on data scientists in the process.
Data analytics startup Pecan.ai recently raised $35 million in a Series B funding round backed by computing giant Dell.
The Israeli firm is using AI to disrupt the business analytics industry, which is set to be worth more than $60 billion globally, according to industry analysts at Emergen Research.
Using Pecan’s AI-powered dashboard, businesses can plug in their internal metrics and instantly produce reports enabling them to analyse things like sales patterns, future demand, and customer retention.
The firm’s latest funding round was led by GGV Capital, which has previously backed the likes of Airbnb, Alibaba, and Slack. S-Capital, the VC arm of Dell, as well as Mindset, an Israeli-focused VC firm, also poured funds into Pecan.ai’s round.
Pecan.ai told Insider the firm had seen an upsurge in sign-ups in the past year, and had recently partnered with medical consumer giant – and COVID-19 vaccine developer – Johnson & Johnson.
“Partnering together with Pecan we are continuing our focus on what consumers want to purchase at the right time and place,” said Bertrand Klehr, VP of consumer health supply chain for North America at Johnson & Johnson.
“We have seen tremendous uptake in adoption of our platform from organizations of all sizes, and are looking forward to expanding globally and bringing real business value to our customers,” added CEO and cofounder Zohar Bronfman.
Funding rounds
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Announced Date
|
Transaction Name | Number of Investors | Money Raised | Lead Investors |
| May 5, 2021 | Series B – Pecan | 5 | $35M | GGV Capital |
| Jun 1, 2020 | Series A – Pecan | 1 | — | — |
| May 12, 2020 | Non Equity Assistance – Pecan | 1 | — | SAP.iO |
| Jan 28, 2020 | Series A – Pecan | 2 | $11M |
Dell Technologies Capital
|
| Apr 10, 2018 | Seed Round – Pecan | 1 | $4M | S Capital VC |
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