Peak.AI raises $21 million to drive enterprise AI adoption

18 Feb, 2021

Peak.AI raises $21 million to drive enterprise AI adoption
Photo by Charles Forerunner on Unsplash

– Peak.AI, a startup developing AI solutions for enterprise customers, today announced that it closed a $21 million series B round.
– The funds, which bring Peak’s total raised to date to $43 million, will drive the company’s R&D and commercial expansion in the U.S. and India, according to CEO Richard Potter.
– The global enterprise AI market size was valued at $4.68 billion in 2018 and is projected to reach $53.06 billion by 2026, according to Allied Market Research.
– But the corporate sector’s adoption curve hasn’t been as steep as some had predicted despite the promise of AI.

Analytics Artificial Intelligence Big Data Business Intelligence Europe
Crunchbase icon

Content report

The following text will be sent to our editors: