Israeli analytics and data science startup “Pecan AI” announced Wednesday that they have raised $66 million in their latest Series C funding round. The funds will be used for research and development.
Pecan AI has raised over $100 million in VC funding in the last twelve months alone. Its Series C round was led by New York-based global private equity and venture capital firm Insight Partners, with participation from GV (formerly Google Ventures) and existing investors S-Capital, GGV Capital, Dell Technologies Capital, Mindset Ventures and Vintage Investment Partners.
“We believe that any company should be able to deploy AI-based predictive analytics, even without data science resources on staff,” said CEO and co-founder Zohar Bronfman. “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will help us scale Pecan further to overcome the data science scarcity gap, enabling our customers to move beyond outdated data-mining techniques that offer little value in predicting future outcomes.”