Peak:Aio secures £5m from Pembroke VCT and other backers to drive international expansion
Pembroke VCT led the five million pound financing round to support the scale-up of artificial intelligence storage systems.
Peak:Aio develops high-performance software platforms designed to manage demanding storage systems for artificial intelligence workloads. Its technology is utilised by research institutions and public healthcare providers alike.
Manchester-based software developer Peak:Aio has secured £5m in fresh funding to accelerate its international expansion. The financing was spearheaded by Pembroke VCT, which contributed £3.7m to the raise. Additional backing was provided by NPIF II - Praetura Equity Finance and an unnamed investor based in Silicon Valley.
The capital will be directed towards scaling the company's high-performance infrastructure platform and growing its workforce. Peak:Aio provides energy-efficient storage solutions tailored for artificial intelligence applications, counting research bodies and healthcare providers among its user base.
From the founder
"AI has created demands that traditional IT was never designed to handle. From the start we built PEAK:AIO to answer those challenges, and our success in the UK quickly led to adoption in the US. This investment is about more than growth, it is about backing a UK company that is setting new standards in AI infrastructure worldwide."
Mark Klarzynski
Co-Founder and CSO at PEAK:AIO
Investor perspective
"With a team that has repeatedly scaled and exited category-defining businesses, and early validation from some of the most complex customers in the world, we believe PEAK:AIO is positioned to be a critical enabler of the AI revolution."
Fred Ursell
Head of Investments at Pembroke Investment Managers, Pembroke VCT
Use of funds
- 01Expand into international markets
- 02Grow the team
- 03Continue product development
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About the company
PEAK:AIO
Peak:Aio builds high-performance software platforms designed for artificial intelligence storage workloads.