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Peak Raises $21 Million in Series B Funding to Make AI Accessible to All Businesses

Feb 17, 2021•over 4 years ago

Amount Raised

$21 Million

Round Type

series b

Manchester

Description

Artificial Intelligence (AI) company Peak has raised a $21 million Series B funding round led by venture capital firm Oxx, with participation from existing investors MMC Ventures and Praetura Ventures, and new investor Arete. This brings Peak’s total funding raised to date to $43 million.

Company Information

Company

Peak

Location

Manchester, New Hampshire, United States

About

Peak powers great commercial decision making for the smartest companies in the world with its AI software. Peak’s pioneering Decision Intelligence software embeds AI across sales, marketing, planning and supply chains to accelerate revenues and profits. Headquartered in Manchester (UK), Peak’s customer base includes PrettyLittleThing, KFC, PepsiCo, Marshalls and Speedy Hire. Peak’s customers have seen transformational results, including a 5% increase in total company revenues, a doubling of return on advertising spend, 12% reduction in inventory holdings and a 5% reduction in supply chain costs.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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