Peak raises $21m in Series B funding led by Oxx to accelerate international expansion.
The funding round was led by Oxx with participation from MMC Ventures, Praetura Ventures, and Arete.
Peak builds an enterprise software platform that enables businesses to integrate artificial intelligence into their core operations and decision-making processes. Its technology is utilised across retail, manufacturing and consumer goods sectors.
Peak has raised $21m in Series B funding to accelerate its global expansion and drive further software development. The investment was led by Oxx, with additional backing from Arete and existing supporters MMC Ventures and Praetura Ventures.
The capital will support the opening of new offices in the USA and India, alongside ongoing research and development for the company platform. Peak also plans to create 130 new jobs globally over the coming year following a period of strong revenue growth and international customer acquisition.
Oxx general partner Richard Anton will join the board as part of the transaction. The latest injection brings the total capital raised by the Manchester-based company to $43m.
Investor perspective
"support Peak on their way to becoming the category-defining global leader in Decision Intelligence."
Richard Anton
Founder, Oxx
Use of funds
- 01Expand into international markets
- 02Fund research and development
- 03Grow the team
