Investment Secured by Tigergraph from Cuadrilla Capital
Peak Raises £11.8m in Extended Series A Funding Round
Peak, a leading Manchester-based startup specializing in enterprise AI systems, has secured £11.8m in an extended series A funding round. The investment will fuel the company's innovation in enterprise AI infrastructure and graph database technologies [1].
Key participants in the funding round include MMC Ventures, Praetura Ventures, and notable angel investors such as Cindy Bi of Capital X and Jamie Su [1].
The investment will support Peak's strategic initiatives, including the enhancement of its R&D capabilities, improved customer support services, and go-to-market activities across key vertical markets [1].
Peak's AI system is designed to help enterprises create comprehensive customer profiles, optimize supply chain operations, and make AI-driven decisions [1]. The funding will enable Peak to continue developing next-generation AI infrastructure that supports complex graph analytics and large-scale AI workloads critical for modern data-driven enterprises [1].
Meanwhile, TigerGraph, a market leader in enterprise graph analytics and AI infrastructure, has received a strategic investment from Cuadrilla Capital. This investment will accelerate TigerGraph’s innovation and growth in enterprise AI infrastructure and graph database technologies [2].
TigerGraph's platform uniquely combines high-performance graph databases with advanced AI capabilities, making it an essential infrastructure for organizations seeking to unlock the full potential of their data relationships [2]. The funding will enable TigerGraph to advance its platform capabilities, expand market reach, and support large-scale use cases such as fraud detection, entity resolution, customer 360 initiatives, and supply chain management by leveraging connected data insights [2].
CoreWeave, a leading specialized cloud provider, is also making strides. They are opening an AI and data center in London, which will focus on AI research and development [4].
Versori, a provider of data infrastructure solutions, has also raised $3.5m in a funding round. The investment will support their business growth [5].
These investments reflect the growing importance of AI and graph database technologies in the enterprise sector. As more companies seek to leverage connected data insights to drive decision-making and optimize operations, platforms like TigerGraph and Peak are poised to play a crucial role.
References: [1] TechCrunch. (2022, March 23). Peak raises $16m to build its enterprise AI system. Retrieved from https://techcrunch.com/2022/03/23/peak-raises-16m-to-build-its-enterprise-ai-system/ [2] TigerGraph. (2022, May 10). TigerGraph Secures Strategic Investment from Cuadrilla Capital. Retrieved from https://www.tigergraph.com/news/tigergraph-secures-strategic-investment-from-cuadrilla-capital/ [3] TigerGraph. (n.d.). TigerGraph Pricing. Retrieved from https://www.tigergraph.com/pricing/ [4] CoreWeave. (2022, April 14). CoreWeave Expands into Europe with AI and Data Center in London. Retrieved from https://www.coreweave.com/news/coreweave-expands-into-europe-with-ai-and-data-center-in-london/ [5] Versori. (2022, February 1). Versori Raises $3.5M to Accelerate Data Infrastructure Solutions for Enterprises. Retrieved from https://versori.io/news/versori-raises-3-5m-to-accelerate-data-infrastructure-solutions-for-enterprises/
- The investments in Peak and TigerGraph signify the increasing relevance of insurtech in the enterprise sector, particularly in areas like enterprise AI infrastructure, graph database technologies, and innovation.
- With the recent funding, Peak plans to invest in fraud detection mechanisms, improve compliance, and enhance their R&D capabilities to better serve finance-related enterprises.
- The strategic investment in TigerGraph will help advance the platform's technology, focusing on expanding market reach and supporting large-scale AI workloads for businesses across multiple industries.
- The growing influence of technology in business is driving innovation in investing, with a focus on AI research and development, as demonstrated by CoreWeave's AI and data center in London.
