Dell Technologies Co-Leads $15M Funding Round In Predictive Analytics Startup Pecan

Israeli predictive analytics startup Pecan emerged from stealth mode last week, announcing a $15 million funding round led by Dell Technologies Capital and Israeli VC firm S Capital.

Founded in 2016, Pecan built a platform using deep learning and machine learning to “simplify the process of building and deploying predictive models – especially when there are no pre-existing data science capabilities.”

“Pecan has created the ability to build high-quality predictive models accessible for every business, eliminating the need for prior knowledge, expert human capital, and tools otherwise necessary to execute this kind of complex task,” said Noam Brezis, CTO at Pecan.

Brezis, who founded Pecan alongside Zohar Bronfman, said the recent funding round “ will provide us with the financial support to continue innovating the world’s first platform that automates the entire modeling process – inducing data engineering, preprocessing and preparation,” offering that the aim is to make predictive analytics accessible to millions of businesses worldwide.

“The technology behind Pecan’s predictive analytics platform is on course to truly transform the way organizations across the globe conduct business,” said Yair Snir, managing director at Dell Technologies Capital. “We are thrilled to welcome Pecan into the Dell Technologies Capital portfolio. Together, we are confident that DTC’s market prowess combined with Pecan’s innovative deep and machine learning technology will create an opportunity to disrupt the AI landscape.”