Peak Raises $75 Million in a Series C Funding Round Led by SoftBank
Peak has raised $75 million in a Series C fundraising round led by new investor SoftBank Vision Fund 2.
FREMONT, CA: Peak, an artificial intelligence (AI) organization, has raised $75 million in a Series C fundraising round headed by new investor SoftBank Vision Fund 2*, involving every current investor, such as MMC Ventures, Oxx, Praetura Ventures, Arete, and Octopus Ventures. Peak has now raised a total of $119 million in investment.
Peak's software platform allows businesses to integrate AI into their decision-making and operations. Decision Intelligence is the commercial use of AI to improve business performance, allowing firms to increase operational efficiency, sales, and profitability. It is expected to be the most crucial category of corporate software in the coming decade.
As Peak made AI available for more businesses, it experienced a surge in demand for its Decision Intelligence platform in the last 12 years, with revenues doubling due to the new customer wins in Europe, the United States, the Middle East, and India. Irrespective of their AI maturity and capacity, businesses can use Peak to make better decisions using AI throughout their sales, marketing, demand management, and supply chains.
Richard Potter, co-founder and CEO at Peak: "We're proud to be working with some of the biggest brands in the world. Modern businesses are complex and operate in an ever-changing world. It's becoming impossible to run them without AI, enabling them to make consistently great decisions faster and more accurately than ever before.
"No other software company offers a platform like Peak. We uniquely simplify the task of data scientists and engineers who use Peak to rapidly create and deploy AI applications to business users. These applications empower day-to-day decision-makers across businesses to achieve transformational gains.
"We're delighted to welcome SoftBank as our new lead investor. The funding will help us empower many more businesses with Decision Intelligence over the coming years. It will further catalyze our growth and global expansion plans."
Max Ohrstrand, Senior Investor for SoftBank Investment Advisers: "In Peak we have a partner with a shared vision that the future enterprise will run on a centralized AI software platform capable of optimizing entire value chains. To realize this a new breed of platform is needed and we're hugely impressed with what Richard and the excellent team have built at Peak. We're delighted to be supporting them on their way to becoming the category-defining, global leader in Decision Intelligence."