Pecan Named to the 2022 CB Insights AI 100 List
Pecan recognized for achievements in AI for business
May 17, 2022
NEW YORK / TEL AVIV –– May 17, 2022 –– CB Insights today named Pecan AIArtificial intelligence (AI) refers to the development of computerized systems that can carry out tasks and perform actions that augment or take the place of… More to its annual AI 100 ranking, showcasing the 100 most promising and innovative private artificial intelligence companies in the world.
Utilizing the CB Insights platform, the research team picked 100 most promising private market vendors from a pool of over 7,000 companies, including applicants and nominees.
They were chosen based on factors including R&D activity, proprietary Mosaic scores, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength, and tech novelty. The research team also reviewed thousands of CB Insights research Analyst Briefings submitted by applicants.
Sitting at the nexus of AI and data analytics, Pecan’s low-code predictive modeling and data science platform empowers business intelligence (BI)Business intelligence (BI) includes gathering, storing, and analyzing business data, as well as using that analysis to inform the actions of the business. More analysts to predict revenue-impacting risks and outcomes. Users can turn massive amounts of raw transactional data into accurate predictions of critical key performance indicators that directly impact revenue and profitability.
Over the last year, Pecan has once again more than tripled its annual recurring revenue. This growth is fueled by accelerating customer adoption with midmarket and enterprise companies across fintech, insurance, retail, consumer packaged goods, mobile apps, and consumer services.
These companies chose Pecan to unlock transformational improvements in customer acquisitionCustomer acquisition is the effort of garnering new customers for a business. Customers can be attracted through smart marketing strategy for customer acquisition, which may… More, customer retention and lifetime value, supply-chain optimizationBroadly speaking, optimization is a process used to either maximize or minimize an output value by selecting the right input values. In data science, this… More, resource allocation, and pricing and packaging.
Quick facts on the 2022 AI 100:
- Equity funding and deals: Since 2017, the 2022 AI 100 cohort has raised $12 billion+ from 650 investors, across 300+ equity deals.
- Unicorns: There are 16 companies with $1 billion+ valuations on the list.
- Geographic distributions: Seventy-three of the selected companies are headquartered in the U.S. Eight of the winners are based in the U.K., followed by five in Canada. Other countries represented in this year’s list include Israel, India, Sweden, China, and Germany.
About Pecan AI
Pecan helps business intelligence, operations, and revenue teams predict mission-critical outcomes. As the world’s only low-code predictive analytics and data science platform, Pecan enables companies to harness the full power of AI and predictive modeling without requiring any data scientists on staff. With Pecan’s platform, companies turn hindsight into foresight by generating highly accurate predictions and recommendations that improve customer lifetime value, retention, conversion rates, demand forecastingDemand forecasting involves trying to determine the likely future need for an item, based on historical data and analytics showing how much of it has… More, and other revenue-driving KPIs. Founded in 2018, Pecan’s predictions impact billions of dollars in revenue for fintech, insurance, retail, consumer packaged goods, mobile apps, and consumer services companies of all sizes. Learn more at www.pecan.ai.
About CB Insights
CB Insights builds software that enables the world’s best companies to discover, understand, and make technology decisions with confidence. By marrying data, expert insights, and work management tools, clients manage their end-to-end technology decision-making process on CB Insights. To learn more, please visit www.cbinsights.com.