Pecan

The company's core offering is a low-code platform that automates the entire predictive analytics workflow, from data preparation to model deployment. It allows users to connect directly to raw, messy data sources, and the platform automatically handles cleaning, feature engineering, and model training using neural networks. This significantly reduces the time to generate insights, with models becoming operational in days rather than months. Pecan's key innovation is its "Predictive GenAI," which combines generative AI with predictive AI. This feature includes a "Predictive Chat" that guides users through defining a business problem in natural language and a "Predictive Notebook" that auto-generates the necessary SQL queries to build a custom model.

Pecan operates on a subscription-based model, generating revenue by providing access to its platform. It targets a wide array of industries, including fintech, retail, insurance, CPG, and mobile gaming, serving clients of all sizes. Use cases are diverse, focusing on revenue-impacting outcomes such as predicting customer churn, demand forecasting, identifying upselling opportunities, fraud prevention, and calculating customer lifetime value. By empowering business analysts to create and deploy their own predictive models, Pecan aims to bridge the data science scarcity gap and enable organizations to compete with tech giants. The company has secured substantial funding, including a $66 million Series C round in February 2022, bringing its total funding to over $100 million from investors like Insight Partners, GGV Capital, and Google Ventures.