Peak reaches £5m funding to meet customer demand

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Inteligent business system specialist Peak has been backed by a further £1.5m funding boost to help it meet market demand and accelerate its R&D efforts. Peak’s secured capital to date now stands at £5m and has allowed it to expand its operations, taking headcount from ten to 60 in the last two years with plans in […]

E-commerce software firm secures half a million investment

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York-based e-commerce software developer, PureClarity, has secured a £500,000 investment from NPIF – Mercia Equity Finance, which is managed by Mercia Fund Managers and part of the Northern Powerhouse Investment Fund (NPIF). PureClarity’s technology uses big data and artificial intelligence to analyse customers’ behaviour and recommend the most relevant products when they search for goods in online stores. […]

Government launches £68 million AI and robotics fund

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The Government has announced more than £68 million of investment from the Industrial Strategy Challenge Fund (ISCF) for a programme of robotics and artificial intelligence (AI) projects aimed at improving safety in extreme environments. The programme will develop robots and artificial intelligence to take on jobs in the freezing depths of the North Sea, dealing […]