Pecan AI More Than Doubles Revenue in the First Half of 2022
Pecan AI reported remarkable growth in H1 2022, with a 150% increase in Annual Recurring Revenue (ARR) and a 121% rise in customer count. The platform, designed for business teams, now generates over a billion predictions monthly, impacting billions in revenue. Key hires include Chris Sweeney and Danielle Gotkis. This growth reflects a growing demand for data science capabilities amidst complex macroeconomic conditions, enabling clients to leverage first-party data for strategic decision-making.
- Annual Recurring Revenue (ARR) surged 150% in H1 2022.
- Customer count increased by 121%.
- Monthly predictions exceed 1 billion, influencing billions in revenue.
- Significant new hires in leadership roles enhance company expertise.
- None.
The predictive analytics platform now generates over a billion predictions monthly, positively impacting mission critical operations and billions in revenue for customers
Pecan is the world’s only low-code predictive analytics and data science platform designed for business teams across sales, marketing, operations, and the data analytics teams that support them. Given the recent macroeconomic complexities, more stringent privacy rules, discontinuation of third party cookies, and the ever-growing list of digital channels which makes customer behavior less predictable, today’s revenue and go-to-market teams are increasingly challenged to substantiate their decisions and demonstrate value in a measurable manner. In deploying Pecan, these teams can now use their massive pools of first-party data and state-of-the-art AI-based statistical algorithms to predict future customer behavior, empowering them to make non-biased, data-driven decisions that positively impact their customer journey KPIs, as well as revenue and profitability. In
“Every organization aspires to be data-driven, but not every business team has access to sufficient advanced machine learning capabilities they need to succeed,” said
In addition to record growth, Pecan has added several prominent customers to its roster, including mobile gaming companies Genesis and
“The great momentum Pecan is experiencing is incredible validation that the market demand for data science far exceeds the supply of data scientists,” said
Pecan currently has a leadership team of 11, including new hires Sweeney and Gotkis. The leadership team is made up of almost
To learn more about Pecan AI, visit: pecan.ai
About Pecan AI
Pecan helps business intelligence, operations, and revenue teams predict mission-critical outcomes. As the world’s only low-code predictive analytics 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 forecasting, 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.
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Source: Pecan AI
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