Peak offers a managed AI platform that simplifies enterprise AI adoption with prebuilt infrastructure, data processing, workflows and apps for business users. Its platform connects to customer data via built-in connectors and funnels inputs through AI engines to optimize supply and demand, product fulfillment and day-to-day decisions. Predictions can be exposed via APIs or exported through Peak’s dashboard, and the platform screens data to anonymize personally identifiable information. Peak says annual recurring revenue grew 100% year-over-year and will use new funding to fuel R&D and expansion. The company plans new offices in the U.S. and India, intends to launch its platform in the U.S. in September, and aims to hire 200 new employees by 2022. Peak develops Decision Intelligence software that embeds AI across sales, marketing, demand management and supply chains to help businesses make better operational and commercial decisions. The platform is used across sectors including retail, consumer goods and manufacturing, with customers such as PrettyLittleThing, KFC, PepsiCo, Marshalls and Speedy Hire. Customers have reported outcomes including a 5% increase in total revenues, a doubling of return on advertising spend, a 12% reduction in inventory holdings and a 5% reduction in supply chain costs. Peak says its revenues doubled over the past 12 months following new customer wins across Europe, the USA, the Middle East and India. Headquartered in Manchester, the company plans ambitious global expansion with new offices opening in the USA and India and continued R&D investment in its Decision Intelligence software. Peak expects to create 130 new jobs globally in the coming year. Peak is a Manchester, England-based full-stack enterprise AI System delivered as a single SaaS product that combines required infrastructure, data processing, AI workflow and applications. The platform enables organizations to deploy AI solutions using datasets from across the enterprise and integrate those solutions into other business systems to automate action and optimization in real time. Peak serves customers across retail, CPG, direct-to-consumer, construction and supply chain management, including PepsiCo, ASOS and boohoo Group. The company was co-founded by David Leitch (CIO), Richard Potter (CEO) and Atul Sharma (CTO). In April 2020 Peak raised $12M in an extended Series A led by existing investors MMC Ventures and Praetura Ventures, bringing total funding to date to $18.5M. The company intends to use the funds for commercial expansion and investments in R&D. Peak provides a SaaS-based data analytics platform that enables companies of all sizes to use data, machine learning and AI technologies to drive growth. The subscription platform combines services to unify, process, model and extract insight from data. Peak serves customers including The Economist, Morrisons and AstraZeneca, as well as SMEs and technology businesses. The company employs 35 people. It secured a £2.5m Series A led by MMC Ventures and has raised £3.5m in total funding to date. Peak intends to use the capital for ongoing investment in machine learning and AI technologies and for sales growth. Peak provides a SaaS-based data analytics and business intelligence platform that helps companies collect and analyze internal, customer and financial data to support decision-making. The platform is used by clients across retail, tech, pharma and banking, with named customers including AstraZeneca, Morrisons, Evermix, University of Bath and The Economist. The company is led by Richard Potter and is headquartered in Manchester, UK. Peak intends to use the new funding to expand its teams and scale sales and marketing efforts. The product focus is on enabling better business decisions through consolidated analytics across multiple data sources. Financial metrics (revenue/users) were not disclosed in the article.

Total raised

$113M

Funding rounds

5

Latest round

Series C

Latest activity

Aug 2021