Peak (company)

Last updated
Peak
Company typePrivately held company
IndustryArtificial intelligence
Founded2015;10 years ago (2015) in Manchester, United Kingdom
Founder
  • Richard Potter
  • David Leitch
  • Atul Sharma
Headquarters
Manchester
,
United Kingdom
Number of locations
3
Website peak.ai

Peak is an artificial intelligence company headquartered in Manchester, UK. [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, which is required to sustain 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]

In March 2025, Peak was acquired by leading global software company, UiPath. [14]

References

  1. ↑ Chapman, Stephen (22 February 2018). "Artificial Intelligence company takes top floor of £8m Manchester development". Prolific North.
  2. ↑ "What is DI: Interview with Richard Potter (Peak)". BCS. 22 October 2015.
  3. ↑ Wiggers, Kyle (2020-04-23). "Peak.AI raises $12 million to bolster enterprise AI adoption". VentureBeat. Retrieved 2020-05-04.
  4. ↑ Roue, Lucy (12 September 2017). "Data analytics company formed in pub secures £2.5m funding".
  5. ↑ "Northern Stars Grand Final 201". Tech Nation. 4 December 2015.
  6. ↑ Coker, Jon (2017-09-11). "MMC's investment in Peak". MMC writes. Retrieved 2018-04-09.
  7. ↑ Austin, Simon (11 September 2017). "Manchester data analytics firm Peak secures £2.5m funding". Prolific North.
  8. ↑ Volpicelli, Gian. "Startup Cities: Manchester". Wired. Retrieved 2018-04-09.
  9. ↑ "Peak signed up for Arsenal Innovation Lab". 17 January 2018.
  10. ↑ "37 of the UK's fastest growing Tech Companies join Upscale 2018". Tech City UK. 2018-01-25. Retrieved 2018-04-09.
  11. ↑ Wiggers, Kyle (2020-04-23). "Peak.AI raises $12 million to bolster enterprise AI adoption". VentureBeat. Retrieved 2020-05-04.
  12. ↑ Lunden, Ingrid (2021-02-18). "Peak AI nabs $21M for a platform to help non-tech companies make AI-based decisions". TechCrunch. Retrieved 2021-02-17.
  13. ↑ "Peak raises $75M for a platform that helps non-tech companies build AI applications". TechCrunch. 31 August 2021. Retrieved 2021-11-03.
  14. ↑ Lunden, Ingrid (2025-03-13). "UiPath looks for a path to growth with Peak agentic AI acquisition". TechCrunch. Retrieved 2025-04-07.
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