Manchester's PEAK:AIO Secures £5m for Faster, Energy-Efficient AI Systems
Manchester-based PEAK:AIO, a software company specialising in AI infrastructure, has secured £5m in funding from a syndicate of prominent investors. The company aims to deliver faster and more energy-efficient AI systems, addressing a critical bottleneck in the field. The funding round, led by Pembroke VCT with a £3.7m investment, will be officially announced on Friday.
PEAK:AIO has developed ultra-fast storage systems tailored for AI workloads. Fred Ursell, Head of Investments at Pembroke Investment Managers, believes the company's solution addresses a key challenge in AI infrastructure. The company has already signed up several high-profile institutions as customers, including the NHS, King's College London, the Zoological Society of London, and Los Alamos National Laboratory. Other investors in the round include NPIF II - Praetura Equity Finance. Mark Klarzynski, co-founder and chair of PEAK:AIO, highlighted the inadequacy of traditional IT infrastructure for AI demands.
With £5m in funding, PEAK:AIO is well-positioned to advance its ultra-fast storage systems for AI workloads. The company's customer base, including prominent institutions, demonstrates the potential of its solutions. The successful funding round, led by Pembroke VCT, signals investor confidence in PEAK:AIO's mission to improve AI infrastructure.
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