Startup company Pecan.ai announced an $11 million Series A with a goal of building an automated machine learning platform. CEO Zohar Bronfman and co-founder Noam Brezis shared that they observed the work involved in building machine learning models – most of which revolved around converting data into an algorithm-friendly form. They automated this process with Pecan.
“The innovative thing about Pecan is that we do all of the data preparation and data, engineering and data processing, and [complete the] various technical steps [for you],” Bronfman explained.
For usability and convenience, the software offers templates to answer business questions, ranging from customer questions on prices and business questions on risk and fraud.