Pecan AI Raises $66 Million Series C Round to Advance AI Automation in Predictive Analytics
Summary
Users can turn massive amounts of raw transactional data into accurate predictions of critical key performance indicators that directly impact revenue and profitability. “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will help us scale Pecan further to overcome the data science scarcity gap, enabling our customers to move beyond outdated data-mining techniques that offer little value in predicting future outcomes. Pecan is a category-defining platform in the use of AI for advanced business analytics to predict all sorts of outcomes – from strategic global demand forecasting to performance of everyday marketing campaigns, and everything in between. With Pecan’s platform, companies turn hindsight into foresight by generating highly accurate predictions and recommendations that improve customer lifetime value, retention, conversion rates, demand forecasting, and other revenue-driving KPIs. Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries.
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