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PeerIslands

Legacy app modernization and cloud migration services

Raised to date

$76.9M

of $76.9M offered across 2 Form D filings

Investors
4
Last filed
Mar 13, 2026

About

PeerIslands is a technology services scale-up founded in 2018 that specializes in modernizing legacy business applications for cloud environments. The company provides a range of services including AI-enabled application modernization, data engineering, and the development of cloud-native applications. With operations in the US, Cayman Islands, and India, PeerIslands leverages a global talent model to serve its enterprise clients.

The company's strategic use of nearshoring, particularly through its Cayman Islands operations, provides access to a global talent pool while maintaining proximity to the US time zone. This model allows for rapid and efficient scaling to meet client demands for digital transformation.

Funding

$64.5M round, first sold Feb 2026$64.5M soldFeb 2026MayAug
Now
  • EquityFiled Mar 13, 2026Form D
    $12.5M/ $12.5M
  • EquityFiled Mar 13, 2026Form D
    $64.5M/ $64.5M

Product

AI-Enabled Copilot Suite

AI Modernization Tools

PeerIslands offers a suite of AI-enabled tools, including Migration Copilot, Developer Copilot, and Intelligent App Copilot. These products are designed to accelerate the modernization of legacy systems by automating complex tasks, enhancing developer productivity, and embedding intelligence into applications for improved efficiency.

  • AI-powered tools for rapid application modernization
  • Generation of actionable insights from application data
  • Tailored solutions for industries such as BFSI, healthcare, and telecommunications

Built for

The primary target market consists of large enterprises within the Banking, Financial Services, and Insurance (BFSI), healthcare, telecommunications, and public sectors.

People on file