UiPath, a leading player in robotic process automation (RPA), is making a strategic move in this space by acquiring Peak.ai, a UK-based startup specializing in AI-powered decision-making for businesses in retail and manufacturing. This development has left the enterprise AI market heating up, with companies racing to integrate more intelligent automation solutions.
UiPath announced the acquisition during its latest quarterly earnings report, though financial terms were not disclosed. According to sources, Peak.ai was not actively seeking a buyer, and the deal was a cash transaction. Robert Anton, a partner at Oxx—one of Peak.ai’s investors—expressed satisfaction with the outcome, hinting at a favorable deal.
Peak last raised $75 million in 2021, led by SoftBank, bringing its valuation to $267 million at the time. The company had secured $121 million in total funding from investors such as Octopus, MMC, and OurCrowd.
While Peak.ai demonstrated steady growth, with revenues rising 17% to £9 million ($11.6 million) in 2023, economic challenges still posed hurdles. The company acknowledged this in its latest financial filing, stating that it continued expanding despite global economic headwinds.
How Peak.ai Strengthens UiPath’s Growth Strategy
UiPath’s own financial performance reflects the broader economic slowdown. Despite reporting $424 million in Q4 revenue, a 5% year-over-year increase, the company lowered its fiscal 2026 revenue outlook to $1.525 billion – $1.530 billion, citing global uncertainties. The news caused UiPath’s stock to drop 18% in pre-market trading.
This acquisition could provide a much-needed boost to UiPath’s revenue streams. The two companies were already working together before the deal, and the acquisition now enables UiPath to expand its automation solutions to Peak.ai’s customer base. The move also aligns with UiPath’s push into agentic AI, a growing area where AI-driven software makes autonomous business decisions.
The Bigger Picture: UiPath’s Shift Toward AI-Driven Automation
UiPath initially built its success on robotic process automation (RPA), which helped businesses streamline repetitive tasks. The company saw massive growth, reaching a $35 billion valuation as a private startup. However, as AI advancements accelerated, UiPath had to adapt and integrate more sophisticated AI capabilities.
Meanwhile, Peak.ai was ahead of the curve, building AI-powered business assistants before OpenAI’s ChatGPT and other generative AI models revolutionized the market. Now, UiPath hopes to leverage Peak.ai’s expertise to deliver AI-driven decision intelligence alongside automation solutions.
Peak.ai’s founders—Richard Potter (CEO), David Leitch (CIO), and Atul Sharma (CTO)—highlighted this synergy in a joint statement:
“The ability to seamlessly integrate decision intelligence with automation presents an unprecedented opportunity to redefine how businesses operate.”
What’s Next for UiPath?
With Peak.ai now under UiPath’s umbrella, the company aims to enhance its AI offerings and boost revenue growth. However, whether this move will translate into long-term success remains to be seen. Investors and analysts will be watching closely to see if UiPath’s AI expansion strategy delivers on its promises.
The financial details of the deal are still unclear, but as UiPath pushes deeper into agentic AI, its ability to integrate decision-making AI with automation solutions will likely determine its next phase of growth.
