GGVC, an investment firm, recently raised a 35 million dollar round to fund a new startup called Pecan.AI. The firm, which is based in San Francisco, plans to create software that helps businesses automate sales processes. The firm also has a portfolio of other startups, which they expect to raise a second round of funding for. This article will look at the firm’s Founders, products, and investment round.
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Investment round
Founded in 2018 by two Tel Aviv University Ph.D.’s, Pecan AI is a low-code predictive analytics platform that helps business teams make the right decisions at the right time. They are on a mission to unlock the full power of AI and big data. The company has recently closed a $35 million Series B funding round, led by GGV Capital. The company will also be doubling down on its headcount in the coming year.
Pecan’s platform boasts many of the requisite features for today’s data-driven business, including a state-of-the-art data lake and a customer lifetime value calculator. It also helps to generate the right revenue-driven KPIs and improve conversion rates. Pecan’s predictions impact billions of dollars in revenue for companies of all sizes.
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Founders
Founded by Zohar Bronfman and Noam Brezis, Pecan AI is a low-code predictive analytics company that allows business teams to harness the full power of data science. Their software platform simplifies the process of building predictive models and deploys them in real-time. Pecan’s technology achieves unprecedented accuracy in a variety of use cases. This helps businesses to predict customer behavior, improve conversion rates, and predict demand.
Conclusion
Pecan is headquartered in Tel Aviv, Israel. Its leadership team includes a number of seasoned executives. It has been recognized as a leader in AI-based predictive analytics. Its services impact billions of dollars in revenue. It has customers in several industries. Pecan recently announced a $66 million Series C funding round in February 2022. It has also welcomed new key executives.
