Manchester-based PEAK:AIO raises €5.7 million to scale high-performance AI infrastructure
Manchester-based PEAK:AIO has secured €5.7 million in funding to accelerate the global rollout of its high-performance storage platform for artificial intelligence. The funding round, led by Pembroke VCT with a €4.2 million investment, will fuel the company's international expansion, team growth, and product development. This investment highlights the growing importance of efficient AI infrastructure and the potential of European tech companies in this field. PEAK:AIO, founded in 2021 by Mark Klarzynski, develops ultra-fast, energy-efficient storage software. The company's systems are designed to overcome the data bottleneck in AI, delivering faster performance while using less energy and space compared to traditional solutions. Over the past year, PEAK:AIO has quadrupled its revenue and expanded its partner network, with deployments at institutions including the NHS and King’s College London. This investment will likely benefit organizations seeking to scale their AI initiatives more sustainably and cost-effectively. The company's success in the UK has already led to adoption in the US, demonstrating the global demand for its solutions. This funding round also comes at a pivotal time for the AI sector, with significant investments planned by tech giants like Google, Microsoft, and Nvidia in the UK, opening up larger opportunities.
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