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- Pecan
Pecan Funding, Investors & Competitors
Pecan has raised $116M across 4 funding rounds, most recently a $66M Series C in February 2022.
Last Pecan funding round
$66M
Series C · Feb 2022
Cumulative funding Pecan raised
$116M
across 4 funding rounds
Key investors in Pecan
S Capital
Dell Technologies Capital
Mindset Ventures
Notable Capital
Vintage Investment Partners
Insight Partners
GV
About Pecan
Pecan is a Tel Aviv-based predictive analytics platform launched in 2018 that empowers business intelligence teams to forecast outcomes without data scientists. Its low-code system automates data ingestion from sources like Snowflake and Google BigQuery, feature engineering, and model deployment for metrics such as churn prediction and demand forecasting. Adopted by over 200 enterprises including Taboola and Outbrain, Pecan processes trillions of data points monthly to drive revenue optimizations in fintech, retail, and insurance sectors globally.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Pecan Funding History
Pecan has raised a total of $116M across 4 funding rounds.
Pecan's first fundraising round was a $4M seed round in April 2018. The most recent completed round was a $66M Series C in February 2022.
Pecan funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Feb 2022 | Series C | Insight Partners (lead); Mindset Ventures; Vintage Investment Partners; GV; S Capital; Dell Technologies Capital; Notable Capital | $66M | Pecan is an AI-based predictive analytics platform founded in 2018 by Zohar Bronfman and Noam Brezis that helps business intelligence analysts predict revenue-impacting outcomes using low-code modeling. The platform enables companies across fintech, retail, insurance, and consumer services to improve customer lifetime value, retention, conversion rates, demand forecasting, and other critical KPIs without requiring in-house data scientists. In February 2022, Pecan completed a $66 million Series C funding round led by Insight Partners with participation from GV (Google Ventures), S-Capital, GGV Capital, Dell Technologies Capital, Mindset Ventures, and Vintage Investment Partners. The company declined to disclose its post-money valuation but confirmed it had not yet reached unicorn status at the time of the round. Pecan demonstrated strong commercial momentum heading into the Series C, having tripled its annual recurring revenue year-over-year, with customer adoption accelerating among midmarket and enterprise companies. The funding was allocated toward expanding global marketing capabilities and accelerating R&D of the predictive modeling platform, with a portion used for secondary share purchases from employees and early investors. At the time of the Series C announcement, Pecan had grown to approximately 100 employees (80 based in Israel) and planned to double headcount within the following year, reflecting the company's aggressive scaling trajectory following a $35 million Series B raise in April 2021. |
| May 2021 | Series B | Notable Capital (lead); Mindset Ventures; Vintage Investment Partners; S Capital; Dell Technologies Capital | $35M | Pecan AI closed a $35 million Series B funding round in May 2021 led by GGV Capital, with participation from Dell Technologies Capital, S-Capital, Mindset Ventures, and existing investors. The company is an AI-powered predictive analytics platform designed for business intelligence analysts and business users, enabling them to create rapid predictive models without extensive data science expertise. Pecan's platform serves retailers, consumer products companies, and mobile app developers, with clients including Johnson & Johnson, and can deliver predictive models with 90% accuracy within weeks. At the time of the Series B, Pecan had approximately 50 employees and planned to double headcount within the following year. The company had raised more than $50 million in total funding since its 2018 founding. Between the Series B in May 2021 and the Series C announcement in February 2022, Pecan tripled its recurring revenue and raised an additional $66 million in Series C funding from Insight Partners and GV, bringing total capital raised to $117.5 million. |
| Jan 2020 | Series A | Dell Technologies Capital (lead); Mindset Ventures; S Capital | $11M | Pecan AI, an Israeli predictive analytics startup founded in 2016, emerged from stealth in January 2020 with a $15 million funding round across seed and Series A stages, co-led by Dell Technologies Capital and S Capital. The platform uses deep learning and machine learning to automate predictive model building, data engineering, preprocessing, and deployment, enabling non-data scientists to create business intelligence predictions. The funding supported further development of its core technology to make predictive analytics accessible to businesses worldwide. Dell Technologies Capital's managing director Yair Snir highlighted Pecan's potential to transform business operations through its AI platform. Prior to this, Pecan had raised a $4 million seed round in 2018 from S Capital. The company later raised additional rounds, including a Series B of $35 million in May 2021 led by GGV Capital with participation from Dell Technologies Capital, S-Capital, and Mindset Ventures, bringing total funding over $50 million at that point. |
| Apr 2018 | Seed | S Capital (lead) | $4M | Pecan AI raised a $4 million Seed Round on April 10, 2018, from S Capital VC. The company, founded in 2018, develops a low-code predictive modeling and data science platform for business intelligence analysts to forecast revenue-impacting risks and outcomes from raw transactional data . |
Who has invested in Pecan?
7 investors have backed Pecan across its funding rounds, including S Capital, Dell Technologies Capital, Mindset Ventures, Notable Capital, Vintage Investment Partners and Insight Partners.
Lead investors include Insight Partners, Notable Capital, Dell Technologies Capital and S Capital.
Pecan Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Apr 2018 | ||
| 3 | Participant | Jan 2020 | ||
| 3 | Lead | Jan 2020 | ||
| 2 | Participant | May 2021 | ||
| 2 | Lead | May 2021 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialPecan Competitors
Pecan competitors include listed companies like Presight AI and Snowflake, and private ones like Anthropic, OpenAI, DeepSeek and Safe Superintelligence.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $825M | $214M | $5.7B | 5.4x | ||
| Private | $47B | - | $965B | 20.5x | ||
| Private | $25B | - | $852B | 34.1x | ||
| Publicly listed | $4.7B | ($1.3B) | $119B | 21.0x | ||
| Private | - | - | $50B | - | ||
| Private | - | - | $32B | - |
Pecan Public Comps
Pecan is still privately-owned, but its public comps include Palantir, CrowdStrike, SAP, Salesforce, ServiceNow, Snowflake, Adobe, Datadog, Moody's and RELX.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.5B | $1.5B | 92.6x | 58.1x | 285.0x | 97.4x | |||
| $4.8B | ($12M) | 51.4x | 44.5x | (19816.2x) | 151.0x | |||
| $42B | $13B | 5.8x | 5.4x | 18.4x | 17.1x | |||
| $42B | $13B | 5.5x | 5.2x | 17.8x | 12.2x | |||
| $13B | $2.6B | 11.1x | 9.6x | 57.2x | 25.0x | |||
| $4.7B | ($1.3B) | 25.6x | 21.0x | (94.1x) | 121.7x | |||
| $24B | $9.3B | 4.3x | 3.9x | 10.9x | 8.2x | |||
| $3.4B | ($588K) | 23.6x | 19.4x | (137813.0x) | 77.6x | |||
This data is available for Pro users. Sign up to see all Pecan competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Pecan
| When was Pecan founded? | Pecan was founded in 2016. |
| Where is Pecan headquartered? | Pecan is headquartered in Ramat Gan, Israel. |
| Is Pecan publicly listed? | No, Pecan is a private, VC-backed company. |
| How much funding has Pecan raised? | Pecan has raised $116M across 4 funding rounds. |
| What was Pecan's last funding round? | Pecan's last funding round was a $66M Series C in February 2022, led by Insight Partners. |
| Who are Pecan's investors? | Pecan's investors include S Capital, Mindset Ventures, Dell Technologies Capital, Vintage Investment Partners, Notable Capital, GV and Insight Partners. |
| Which companies are comparable to Pecan? | Companies comparable to Pecan include Presight AI, Anthropic, OpenAI, Snowflake, DeepSeek and Safe Superintelligence. |
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