Peak (company) explained

Peak
Type:Privately held company
Industry:Artificial intelligence
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Founded: in Manchester, United Kingdom
Hq Location City:Manchester
Hq Location Country:United Kingdom
Num Locations:3
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Peak is an artificial intelligence company headquartered in Manchester, UK.[1] It was founded in 2015[2] and has additional offices in Jaipur, India, and New York City, United States. It is known for its artificial intelligence platform, a SaaS platform that allows data scientists to build AI workflows, invoke them on ingested data and expose the results via APIs and/or built-in web applications, as well as abstracting the underlying cloud infrastructure.[3]

History

The company was founded by CEO Richard Potter, David Leitch and Atul Sharma.[4] In 2015, Peak was one of the winners of the Tech North Northern Stars competition.[5] In 2017, it secured £2.5 million in Series A capital funding from MMC Ventures[6] for investment in machine learning and artificial intelligence technologies[7] and was named as one of the top five startups in Manchester by Wired magazine.[8] In 2018, it was chosen to work as part of Arsenal F.C.'s Innovation Lab[9] and it was one of the 37 fastest growing technology companies in the UK selected to join the Tech City UK Upscale programme.[10]

In April 2020, the company raised $12 million in extended series A funding, required for sustaining its growth, commercial expansion, and R&D efforts.[11] In February 2021, Peak announced a $21 million Series B funding round – led by investors Oxx, Praetura Ventures, MMC Ventures and Arete – to further make AI accessible to non-tech companies.[12] In August 2021, Peak announced a $75 million Series C funding round, led by SoftBank Vision Fund 2.[13]

Notes and References

  1. Web site: Chapman . Stephen . Artificial Intelligence company takes top floor of £8m Manchester development . Prolific North . 22 February 2018.
  2. Web site: What is DI: Interview with Richard Potter (Peak). 22 October 2015. BCS.
  3. Web site: Peak.AI raises $12 million to bolster enterprise AI adoption. Kyle. Wiggers. 2020-04-23. VentureBeat. 2020-05-04.
  4. Web site: Data analytics company formed in pub secures £2.5m funding. Lucy. Roue. 12 September 2017.
  5. Web site: Northern Stars Grand Final 201. 4 December 2015. Tech Nation.
  6. Web site: MMC's investment in Peak. Coker. Jon. 2017-09-11. MMC writes. 2018-04-09.
  7. Web site: Austin . Simon . Manchester data analytics firm Peak secures £2.5m funding . Prolific North . 11 September 2017.
  8. Startup Cities: Manchester. Volpicelli. Gian. Wired. 2018-04-09.
  9. Web site: Peak signed up for Arsenal Innovation Lab. 17 January 2018.
  10. News: 37 of the UK's fastest growing Tech Companies join Upscale 2018. 2018-01-25. Tech City UK. 2018-04-09. en-US.
  11. Web site: Peak.AI raises $12 million to bolster enterprise AI adoption. Kyle. Wiggers. 2020-04-23. VentureBeat. 2020-05-04.
  12. Web site: Peak AI nabs $21M for a platform to help non-tech companies make AI-based decisions. Ingrid. Lunden. 2021-02-18. TechCrunch. 2021-02-17.
  13. Web site: Peak raises $75M for a platform that helps non-tech companies build AI applications. 2021-11-03. TechCrunch. en-US.