UiPath acquires AI-native company Peak, terms not disclosed

UiPath (PATH) announced the acquisition of Peak, an AI-native company based in Manchester, United Kingdom. The Peak AI platform optimizes product inventory and pricing for businesses of all sizes and across a wide range of industries, providing customers with tangible outcomes quickly and without the need for large, in-house tech teams. “With the acquisition of Peak, we are accelerating our mission to strengthen our vertical AI solutions strategy,” said Daniel Dines, Founder and CEO of UiPath. “When combined with the UiPath platform, Peak’s exceptional purpose-built AI applications will enhance our ability to provide solutions that optimize industry-specific use cases and deliver incredible value to customers.” Peak enables customers to develop AI workflows, process data, and provide predictions that are used to optimize critical business processes through APIs or integrated web applications. It also provides a new breed of AI-based decisioning applications that enable business users to make highly complex decisions such as planning inventory and optimizing product pricing decisions.