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Peak

Topic: Company

 From HandWiki - Reading time: 2 min
Peak
TypePrivately held company
IndustryArtificial intelligence
Founded2015; 9 years ago (2015) in Manchester, United Kingdom
Founder
  • Richard Potter
  • David Leitch
  • Atul Sharma
Headquarters
Manchester
,
United Kingdom
Number of locations
3
Websitepeak.ai

Peak is an artificial intelligence company headquartered in Manchester, United Kingdom .[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]

References

  1. ↑ Chapman, Stephen (22 February 2018). "Artificial Intelligence company takes top floor of £8m Manchester development". Prolific North. https://www.prolificnorth.co.uk/news/digital/2018/02/artificial-intelligence-company-takes-top-floor-£8m-manchester-development. 
  2. ↑ "What is DI: Interview with Richard Potter (Peak)". BCS. 22 October 2015. https://www.bcs.org/articles-opinion-and-research/what-is-decision-intelligence-and-where-has-it-come-from/. 
  3. ↑ Wiggers, Kyle (2020-04-23). "Peak.AI raises $12 million to bolster enterprise AI adoption". https://venturebeat.com/2020/04/23/peak-ai-raises-12-million-to-bolster-enterprise-ai-adoption/. 
  4. ↑ Roue, Lucy (12 September 2017). "Data analytics company formed in pub secures £2.5m funding". https://www.manchestereveningnews.co.uk/business/business-news/data-analytics-company-formed-pub-13607095. 
  5. ↑ "Northern Stars Grand Final 201". Tech Nation. 4 December 2015. https://technorthhq.com/business/northern-stars-grand-final/. 
  6. ↑ Coker, Jon (2017-09-11). "MMC's investment in Peak". https://medium.com/mmc-writes/mmcs-investment-in-peak-57e11e345819. 
  7. ↑ Austin, Simon (11 September 2017). "Manchester data analytics firm Peak secures £2.5m funding". Prolific North. https://www.prolificnorth.co.uk/digital/2017/09/manchester-data-analytics-firm-peak-secures-£25m-funding. 
  8. ↑ Volpicelli, Gian. "Startup Cities: Manchester". Wired. https://www.wired.co.uk/article/startup-city-manchester. Retrieved 2018-04-09. 
  9. ↑ "Peak signed up for Arsenal Innovation Lab". 17 January 2018. https://www.prolificnorth.co.uk/news/digital/2018/01/peak-signed-arsenal-innovation-lab. 
  10. ↑ "37 of the UK's fastest growing Tech Companies join Upscale 2018" (in en-US). Tech City UK. 2018-01-25. https://www.techcityuk.com/blog/2018/01/37-of-the-uks-fastest-growing-tech-companies-join-upscale-2018/. 
  11. ↑ Wiggers, Kyle (2020-04-23). "Peak.AI raises $12 million to bolster enterprise AI adoption". https://venturebeat.com/2020/04/23/peak-ai-raises-12-million-to-bolster-enterprise-ai-adoption/. 
  12. ↑ Lunden, Ingrid (2021-02-18). "Peak AI nabs $21M for a platform to help non-tech companies make AI-based decisions". https://techcrunch.com/2021/02/17/peak-ai-nabs-21m-for-a-platform-to-help-non-tech-companies-make-ai-based-decisions/. 
  13. ↑ "Peak raises $75M for a platform that helps non-tech companies build AI applications" (in en-US). https://social.techcrunch.com/2021/08/31/peak-raises-75m-for-a-platform-that-helps-non-tech-companies-build-ai-applications/. 




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