About
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.
Funding history · 3 rounds · $116.0M total
Company Intelligence Q&A
Structured intelligence from startupim data — optimized for AI retrieval and grounding.
- When was Pecan AI founded and what was its initial name?
- Pecan AI was founded in August 2016 and was initially known as Noos AI, NOUS, or Nous Machine Learning before rebranding.
- What is Pecan AI's core offering?
- Pecan AI offers a low-code predictive analytics and data science platform that enables businesses to use AI and predictive modeling without requiring data scientists or data engineers.
- What was Pecan AI's first announced funding round?
- In January 2020, Pecan AI emerged from stealth with a Series A funding round of $15 million, led by Dell Technologies Capital.
- When did Pecan AI raise its Series B funding, and who were the lead investors?
- Pecan AI raised a $35 million Series B round in May 2021, with Notable Capital as the lead investor.
- What was the amount and lead investor of Pecan AI's Series C funding round?
- Pecan AI secured $66 million in Series C funding in February 2022, led by Insight Partners.
- What is the total amount of funding Pecan AI has raised to date?
- According to startupim data, Pecan AI has raised a total of $116 million across its funding rounds.
- What significant operational change did Pecan AI undergo in January 2023?
- In January 2023, Pecan AI underwent layoffs, parting ways with a quarter of its employees.
- Did Pecan AI experience further workforce reductions after January 2023?
- Yes, in March 2024, Pecan AI conducted a second round of layoffs, reducing its workforce by a third, with most affected employees based in Israel.
- What was a key product development announced by Pecan AI in May 2023?
- In May 2023, Pecan AI announced the opening of its platform and fast predictive modeling capabilities to all data professionals.