Pembroke VCT has led a £5 million investment in PEAK:AIO, a Manchester-based software company building ultra-fast storage systems for AI workloads.

The company has developed an AI software platform that delivers faster, more energy-efficient AI systems, fixing one of the data storage industry’s biggest problems: how information is stored and accessed.

Pembroke has invested £3.7m, alongside NPIF II – Praetura Equity Finance which is managed by Praetura Ventures as part of the Northern Powerhouse Investment Fund II (NPIF II), and a Silicon Valley investor.