Uipath is looking for a path to the growth of agentic AI with its peak.
A rush of agental AI solutions arrives on the business market, and now one of the largest automation players has picked up a startup in space in the hope of taking a larger piece of this company. UipathAs part of its quarterly results last night, announcement That he acquired Pic.aiA Manchester startup that builds “decision -making” AI solutions for functions such as prices and inventory management for retail and manufacturing companies.
The terms of the agreement were not disclosed, but the sources say that the Pic.a did not seek a buyer, nor at the end of his track, and the agreement was in cash. Robert Anton, whose firm Oxx was one of the donors of Peak.ai, said in an interview that he was “very happy” of the result.
Peak for the last time collected funds in 2021 when SoftBank supported the company with $ 75 million. Pitchbook noted that the latter round had estimated the company about $ 267 million after my money out of a total of $ 121 million raised from investors who also included Octopus, MMC and Ourcrowd.
But in the last accounts of the company deposited with House companies in the United Kingdom, for the year ending on December 31, 2023, Peak said it had made a little less than 9 million pounds Sterling ($ 11.6 million) in income. It was up 17% in the previous year.
“The peak continued to grow on a global market, despite solid economic contrary winds,” noted the company in the file.
These opposite winds also strike the largest companies. The overall results of Uipath yesterday showed the company’s income for the fourth quarter were up 5% a year ago to $ 424 million.
In addition to that, while beat The analyst estimates for the quarter, he quoted “the increase in global macroeconomic uncertainty” to revise his tax perspectives in 2026 between $ 1.525 billion and $ 1.530 billion in revenues – sending the company’s shares, currently decreasing to 18% negotiation before the market at the time of writing.
These revisions were on the heels of a difficult year for the company, which in July 2024 dismissed 10% of its workforce after lowering annual expectations for the year 2025.
Uipath, which is exchanged on the NYSE, has a market capitalization of around 6.5 billion dollars.
Income growth is the place where the peak could potentially help its new owner. The two companies had already associated themselves before the acquisition, and the idea is that this will give Uipath more opportunities to sell its wider set of solutions to PEAK customers – as well as to capture more global income from Peak in its results.
Uipath made its debut in the automation of robotic processes – a company that took off like a rocket and catappered it to an evaluation of $ 35 billion when it was still a private startup. (This growth in hindsight may have spent the appetite for the AI which was right at the corner of the street. Understand how AI is integrated into this image. On the other hand, Peak was in an interesting position, building AI assistants for businesses in the years preceding Openai on the market and triggered a wider conversation, and a lot of media threshing, on the impact of AI on the business world.
“The ability to transparently integrate information from the automation decision has an unprecedented opportunity to redefine the operation of companies”, the three founders of PEAK, Richard Potter (CEO), David Leitch (CIO) and ATUL SHARMA (CTO), notes in a message announcing the acquisition.
Transparent integration, and a voluntary audience of buyers for the product, is at least the land. That it comes back will be hope.
We are always looking for more details on the price of the agreement. (Contact me If you have information.)
