Peakon raises 6.1 mln euro in funding round led by EQT Ventures

James Young
Peakon raises 6.1 mln euro in funding round led by EQT Ventures

Peakon, a provider of employee engagement and people analytics software, has completed a 6.1 million euro ($6.62 million) funding round led by EQT Ventures, the venture capital arm of Swedish private equity giant EQT, the company said on Monday.

* Peakon, founded in 2014, will use the money primarily to triple staff to over 100 people over the next 12 months, expanding its teams in machine learning, data-science, and engineering.

* “AI is tipped as one of the key tech sectors for investors this year, and the team have had an impressive start, demonstrating strong revenue growth and product adoption, » said Lars Jornow, managing partner at EQT Ventures.

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