Peak secures £54.4m Series C funding led by SoftBank Vision Fund 2 to fuel global expansion
The Manchester-based enterprise software company has raised £54.4m from SoftBank Vision Fund 2 and existing backers to scale its decision intelligence platform.
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.
Manchester-based enterprise software company Peak has raised £54.4m in a Series C funding round. The investment was led by SoftBank Vision Fund 2, with participation from existing backers including MMC Ventures, Oxx, Praetura Ventures, Arete, and Octopus Ventures.
The fresh capital will be directed towards international expansion, including the opening of new offices in the United States and India, alongside increased research and development expenditure for the company platform. Peak also intends to create over two hundred new jobs globally over the coming year following the raise.
The funding follows a period of strong demand for the company decision intelligence platform, which has seen revenues more than double over the past twelve months driven by customer acquisitions across multiple international markets.
From the founder
"We’re proud to be working with some of the biggest brands in the world. Modern businesses are complex and operate in an ever-changing world. It’s becoming impossible to run them without AI, which is enabling them to make consistently great decisions, faster and more accurately than ever before."
Richard Potter
Co-founder and CEO at Peak
Investor perspective
"In Peak we have a partner with a shared vision that the future enterprise will run on a centralized AI software platform capable of optimizing entire value chains. To realize this a new breed of platform is needed and we’re hugely impressed with what Richard and the excellent team have built at Peak. We’re delighted to be supporting them on their way to becoming the category-defining, global leader in Decision Intelligence."
Max Ohrstrand
Senior Investor for SoftBank Investment Advisers, SoftBank Vision Fund 2
Use of funds
- 01Expand into international markets
- 02Fund research and development
- 03Grow the team
