Predictive Analytics Startup Pecan Emerges From Stealth With $15 Million in Funding
Dell and S-Capital backed Pecan, which offers a deep learning platform that automatically generates enterprise business intelligence predictions
Hagar Ravet | 13:04 28.01.2020
Predictive analytics startup Pecan AI Ltd. has emerged from stealth Tuesday with $15 million in funding across its seed and A rounds. Dell, through its tech investment arm Dell Technologies Capital, led both investments alongside S-Capital. Pecan was founded in 2016 by Noam Brezis and Zohar Bronfman, who met during their PhD studies in computational neuroscience at Tel Aviv University. Both are also alumni of Unit 8200, the Israeli military's equivalent of the NSA. "After we finished our doctoral theses, we realized we had arrived at something interesting; we went on to develop a prototype over two years," Bronfman told Calcalist. The result: a deep learning platform that automatically generates business intelligence predictions for companies and organizations. "Companies provide their raw databases to us and define their business queries—for example, which customers are expected to increase their business during a certain month and which are expected to drop—and our platform takes it from there," Bronfman explained.