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Peak3, formerly known as ZA Tech, has reached a major milestone in its journey, marking the beginning of an exciting new chapter in its growth and evolution. The company is proud to announce two pivotal achievements: a strategic rebranding and the successful close of its latest funding round.
Rebranding: From ZA Tech to Peak3
The rebranding from ZA Tech to Peak3 is more than just a name change—it signifies a comprehensive strategic evolution. This transformation underscores Peak3’s focus on technology advancements, reinforcing its commitment to empowering insurers and industry leaders with cutting-edge capabilities in cloud, data, and artificial intelligence (AI). The rebrand comes as the company expands its ambitions globally, particularly into Europe, the Middle East, and Africa (EMEA), with plans to continue its growth trajectory.
Funding Round Success
Peak3 has also successfully completed its Series A funding round, raising an impressive $35 million. The round was led by EQT Group and Alpha JWC Ventures, signaling strong confidence in Peak3’s vision and market leadership in the InsureTech space. This funding will enable the company to accelerate its mission, expand its innovative initiatives, and fuel further growth into North America and Africa.
Leadership's Response
Bill Song, CEO of Peak3, expressed his excitement about these achievements, stating:
"Your dedication and expertise have been integral to achieving this milestone, and this success belongs to each one of you."
He also extended heartfelt gratitude to the company’s shareholders, business partners, colleagues, and supporters who have contributed to Peak3's success over the past six years.
What Lies Ahead
With its rebranding and new funding, Peak3 is well-positioned for continued growth and innovation. Recent achievements include the launch of a multi-tenant core modernization in Europe and the issuance of over 1 billion insurance policies globally. As Peak3 builds on this momentum, it remains committed to transforming the insurance landscape, focusing on customer-centric solutions powered by AI, cloud, and data-driven insights.
Peak3 looks forward to sharing more updates as it solidifies its role as a global leader in the InsureTech space.
