AI company Peak raised $75 mn led by SoftBank

Artificial Intelligence (AI) company Peak has raised $75 million in its Series C funding round led by SoftBank Vision Fund 2, with participation from all existing investors, including MMC Ventures, Oxx, Praetura Ventures, Arete and Octopus Ventures.
Dollar spending on technology
Peak raised $119 million to date.

Peak’s software platform enables companies to embed AI into the core of their decision making and operations. This commercial application of AI to optimize business performance is known as Decision Intelligence, enabling companies to boost operational efficiency, grow revenues and profits.

The latest funding will fuel an ambitious global expansion, with new offices opening in both the US and India, as well as increasing R&D investment in Peak’s Decision Intelligence software. As a result, Peak is planning to create more than 200 new jobs globally in the coming year.