Artificial intelligence (AI) firm Peak has secured a further £1.5m in investment to help “meet market demand and accelerate its R&D roadmap”.
The Manchester start-up, which has grown headcount from 10 to 60 in the last two years with plans to increase to 100 over the next year, has now raised a total of £5m.
The new funds come from existing investors MMC Ventures and Praetura Capital.
The company said that subscriptions for its Peak AI System – which acts as a centralised, intelligent business system that processes data from any source and enables companies to become AI-driven – are up over 300% year on year.
