Peak, a managed AI platform for enterprise, nabs $75M

02 Sep, 2021

Peak, a managed AI platform for enterprise, nabs $75M
Photo by Jamie Liu on Unsplash

– Peak, a U.K.-headquartered company offering AI-powered enterprise decision support software, announced that it closed a $75 million series C.
– The tranche, which was led by SoftBank Vision Fund 2 with participation from MMC Ventures, Oxx, Praetura Ventures, Arete, and Octopus Ventures, brings Peak’s total raised to date $119 million.
– The growth potential of AI has become increasingly clear as companies embrace automation and analytics.
– The global AI market value is expected to reach $267 billion by 2027, according to one source, and PricewaterhouseCoopers reports that 25% of companies have adopted AI compared with 18% in 2020.

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