Peak secures £9.7m in extended Series A funding from MMC Ventures and Praetura Ventures to expand operations
The extended Series A round was led by MMC Ventures and Praetura Ventures to support commercial growth and research.
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 secured £9.7m in an extended Series A funding round to support its commercial expansion and research efforts. The investment was led by existing backers MMC Ventures and Praetura Ventures, bringing the company total funding to $18m.
The Manchester enterprise software provider has built a full stack platform that simplifies the deployment of artificial intelligence for corporate clients. The fresh capital will be directed towards accelerating growth as demand increases for enterprise analytics systems across multiple industrial sectors.
From the founder
"It has the power to optimize entire business models, in real-time, and drive both growth and profitability. We believe that AI is so crucial to the future of the enterprise that it demands its own central business system. Just like every business needs an ERP or CRM system, every business now needs an AI System to compete in the modern era."
Richard Potter
Co-founder and CEO at Peak
Investor perspective
"Having witnessed the impressive market traction and ongoing adoption of the Peak AI System we’re delighted to be further supporting the team on their journey,"
Oliver Richards
General Partner, MMC Ventures
Use of funds
- 01Expand into international markets
- 02Fund research and development
