Peak, a Manchester, England, UK-based enterprise AI System provider, raised $12m in extended series A funding.
The round, which brought total amount to date to $18.5m, was led by existing investors MMC Ventures and Praetura Ventures.
The company intends to use the funds for commercial expansion and investments in R&D.
Co-founded by L to R – David Leitch, CIO, Richard Potter, CEO, and Atul Sharma, CTO, Peak is a full-stack enterprise AI System that combines the required infrastructure, data processing, AI workflow and applications in a single SaaS product. Using it, organizations can deploy AI solutions using data sets from across the enterprise, while integrating those solutions into all other business systems to automate action and optimization in real-time. Peak is used by brands across most industries including retail, CPG, direct-to-consumer, construction, and supply chain management.
Customers include the likes of PepsiCo, ASOS and boohoo Group.