Peak Acquired by Nasdaq-listed UiPath, Marking a New Era in AI Enterprise Solutions
Deal News | Mar 12, 2025 | Business Cloud
Manchester-based AI company Peak has been acquired by Nasdaq-listed AI and enterprise automation company UiPath. Founded in 2015 by Richard Potter, David Leitch, and Atul Sharma, Peak specializes in AI workflows and decision-making applications. The acquisition follows Peak's strong growth, including a $75m Series C funding round led by SoftBank's Vision Fund II in 2021. The sale was advised by GP Bullhound. UiPath's global reach and expertise will bolster Peak's capabilities, allowing for expansion into new markets and further innovation in AI-driven applications. This acquisition aligns with UiPath's strategy to enhance its vertical AI solutions, leveraging Peak's technology to optimize industry-specific use cases and boost customer value. Both companies express optimism about the growth opportunities ahead, as the integration promises to expand AI innovation and adoption across various sectors, including retail and manufacturing.
Sectors
- Artificial Intelligence
- Enterprise Software
- Private Equity & Venture Capital
Geography
- United Kingdom – Peak is a Manchester-based company, and the acquisition includes references to the UK's AI ecosystem, highlighting its relevance.
- United States – UiPath is a Nasdaq-listed company headquartered in New York, reflecting the cross-Atlantic importance of this acquisition.
Industry
- Artificial Intelligence – The article centers around AI, focusing on Peak's role in developing AI workflows and decision-making applications, and UiPath’s strategy to enhance its AI solutions.
- Enterprise Software – UiPath and Peak are involved in developing enterprise software solutions, which are pertinent to this acquisition, particularly as they aim to optimize industry-specific use cases.
- Private Equity & Venture Capital – The article mentions Peak's Series C funding round led by SoftBank's Vision Fund II, highlighting the venture capital involvement in Peak's growth.
Financials
- $75m – The amount raised by Peak in a Series C funding round led by SoftBank’s Vision Fund II.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Peak | Target Company | Company | A Manchester-based AI company specializing in AI workflows and decision-making applications. |
| UiPath | Bidding Company | Company | A Nasdaq-listed enterprise automation and AI software company, headquartered in New York. |
| GP Bullhound | Corporate Finance Advisor | Company | Advised on the sale of Peak to UiPath. |
| Richard Potter | CEO of Peak | Person | Co-founder of Peak and actively involved in the acquisition process. |
| Daniel Dines | CEO of UiPath | Person | Founder and CEO of UiPath, involved in the strategic acquisition of Peak. |
| SoftBank Vision Fund II | Investor | Company | Led the $75m Series C funding round for Peak. |