Peak Raises $21 Million in Series B Funding to Make AI Accessible to All Businesses
02/17/21, 12:07 PM
Location
manchesterMoney raised
$21 million
Round Type
series b
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 Info
Company
Peak
Location
manchester, new hampshire, united states
Additional Info
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.