Peakon, a “people analytics company”, has raised €6.1 million from EQT Ventures with participation from IDInvest, Sunstone, and Tommy Ahlers.

Peakon’s SaaS platform automates employee feedback and applies machine learning techniques to sort and determine problems and solutions.

The company is based in London and Copenhagen with a US office in North Carolina. It plans to triple its staff to 100 over the next year as well as invest in further developing its platform.

“Due to revenue growth, we were already in a solid financial position, and decided to capitalise on this by accelerating our growth plans, particularly in building out our machine learning, data-science, and engineering teams,” said CEO Phil Chambers.

Peakon previously raised a Series A round of €4 million in January of last year.

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