Peak3: Scaling New Heights in the Insurance Industry
June 20, 2024, 3:44 am
Peak3, formerly known as ZA Tech, has secured a massive US$35 million in Series A funding from EQT and Alpha JWC Ventures. This rebranding marks a new chapter for the company as it accelerates its global expansion and investments in cutting-edge data and AI solutions.
In a world cluttered with outdated technology, Peak3 stands out as a pioneer in cloud-native insurance core systems. Their modular approach covers all aspects of life, health, and property and casualty insurance, setting them apart as a trusted partner for industry giants like AIA, Prudential, and Zurich.
The recent funding round has propelled Peak3 to achieve significant milestones, including launching a multi-country core modernization project in Europe and establishing a technology center on the continent. With over a billion insurance policies issued on their systems, Peak3 is making waves not only in Asia but also in North America and Africa.
CEO Bill Song envisions Peak3 as a global leader in insurance technology, focusing on innovation, performance, and reliability. The company's commitment to excellence has attracted new investors like EQT and Alpha JWC Ventures, who see the potential for growth and disruption in the industry.
Peak3's strategic roadmap includes enhancing their analytics and AI capabilities, expanding operations in EMEA, and forging new partnerships with system integrators. With a goal of achieving double-digit ARR growth and reaching cashflow breakeven in the near future, Peak3 is poised to revolutionize the insurance landscape.
As the lead investor, EQT recognizes Peak3's ability to deliver groundbreaking digital initiatives and complex modernization projects. With a focus on go-to-market acceleration and leveraging their global network, EQT is committed to supporting Peak3's journey to success.
In a world where digital transformation is key, Peak3 is leading the charge towards a more connected and efficient insurance ecosystem. Their dedication to innovation and customer-centric solutions sets them apart as a force to be reckoned with in the ever-evolving insurance industry.
In a world cluttered with outdated technology, Peak3 stands out as a pioneer in cloud-native insurance core systems. Their modular approach covers all aspects of life, health, and property and casualty insurance, setting them apart as a trusted partner for industry giants like AIA, Prudential, and Zurich.
The recent funding round has propelled Peak3 to achieve significant milestones, including launching a multi-country core modernization project in Europe and establishing a technology center on the continent. With over a billion insurance policies issued on their systems, Peak3 is making waves not only in Asia but also in North America and Africa.
CEO Bill Song envisions Peak3 as a global leader in insurance technology, focusing on innovation, performance, and reliability. The company's commitment to excellence has attracted new investors like EQT and Alpha JWC Ventures, who see the potential for growth and disruption in the industry.
Peak3's strategic roadmap includes enhancing their analytics and AI capabilities, expanding operations in EMEA, and forging new partnerships with system integrators. With a goal of achieving double-digit ARR growth and reaching cashflow breakeven in the near future, Peak3 is poised to revolutionize the insurance landscape.
As the lead investor, EQT recognizes Peak3's ability to deliver groundbreaking digital initiatives and complex modernization projects. With a focus on go-to-market acceleration and leveraging their global network, EQT is committed to supporting Peak3's journey to success.
In a world where digital transformation is key, Peak3 is leading the charge towards a more connected and efficient insurance ecosystem. Their dedication to innovation and customer-centric solutions sets them apart as a force to be reckoned with in the ever-evolving insurance industry.