AI

Dell Backs Analytics Firm Pecan.ai in $35M Funding Round

Read more at www.businessinsider.com

  • Data analytics startup Pecan.ai recently raised $35 million in a Series B funding round. 
  • The Israeli firm won investment from the likes of Dell and Alibaba backer GGV Capital.
  • Insider got an exclusive look at the pitch deck Pecan.ai used to bring investors on board.  
  • See more stories on Insider’s business page.

Data analytics startup Pecan.ai recently raised $35 million in a Series B funding round backed by computing giant Dell. 

The Israeli firm is using AI to disrupt the business analytics industry, which is set to be worth more than $60 billion globally, according to industry analysts at Emergen Research.

Using Pecan’s AI-powered dashboard, businesses can plug in their internal metrics and instantly produce reports enabling them to analyse things like sales patterns, future demand, and customer retention.

The firm’s latest funding round was led by GGV Capital, which has previously backed the likes of Airbnb, Alibaba, and

Slack
. S-Capital, the VC arm of Dell, as well as Mindset, an Israeli-focused VC firm, also poured funds into Pecan.ai’s round.

Pecan.ai

A look at Pecan’s AI-powered data analytics dashboard.

Pecan.ai


Pecan.ai told Insider the firm had seen an upsurge in sign-ups in the past year, and had recently partnered with medical consumer giant – and COVID-19 vaccine developer – Johnson & Johnson

“Partnering together with Pecan we are continuing our focus on what consumers want to purchase at the right time and place,” said Bertrand Klehr, VP of consumer health supply chain for North America at Johnson & Johnson.

“We have seen tremendous uptake in adoption of our platform from organizations of all sizes, and are looking forward to expanding globally and bringing real business value to our customers,” added CEO and cofounder Zohar Bronfman.

Insider got an exclusive look at the pitch deck Pecan.ai used to bring investors on board. Check it out below: 

Read more at www.businessinsider.com

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