US-based predicate analytics software developer Pecan.ai emerged from stealth on Tuesday with $15m from investors including Dell Technologies Capital, the corporate venturing unit owned by computing equipment provider Dell.
Dell Technologies Capital co-led the round with boutique venture capital fund S Capital. The company did not disclose any additional investors.
Founded in 2016, Pecan has created a software platform equipped with neural network and machine learning technology that helps users create detailed predictive models more quickly.
The platform automatically engineers, pre-processes and prepares data, meaning it can be used by employees without significant data science training. The company will channel the funding into further development of its core technology.
Yair Snir, managing director at Dell Technologies Capital, said: “The technology behind Pecan’s predictive analytics platform is on course to truly transform the way organisations across the globe conduct business.
“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.”
