Pecan AI secured a $66 million Series C funding one year ago, parting ways with 30 of its employees (a quarter of its 120 employees).
Pecan AI, an Israeli predictive analytics platform is parting ways with 25% of its workforce. Pecan AI had previously secured $66 million Series C funding in February 2022 in a funding round majorly funded by Insight Partners with additional participation from GV (formerly Google Ventures), , Mindset Ventures, GGV Capital, and Vintage Investment Partners, S-Capital, and Dell Technologies Capital.
Zohar Bronfman and Noam Brezis who are both alumni of Israel’s Unit 8200 founded Pecan AI in 2018 during their time as computational neuroscience PhD students at Tel Aviv University.
So far Pecan has been able to secure a total of $117 million since it was founded. Although the company’s valuation was not disclosed as at the time of its last funding in 2022, it hadn’t attained unicorn status.
Pecan supports the prediction of revenue impacting risks and outcomes for business intelligence analysts through its platform by operating a low-code predictive model supported with data science. Companies using the Pecan platform access considerable raw transactional data which is converted into predictions that define crucial performance indicators which determine the revenue and profitability of such companies.
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