People.ai

History

2021: Raising $100 million, estimated at $1.1 billion

In early August 2021, the Ukrainian-founded developer of the CRM system People.ai raised $100 million in the Series D funding round and reached an estimate of $1.1 billion. Investors included Akkadian Ventures, Akkadian Capital, ICONIQ Capital and Lightspeed Venture Partners. People.ai managers plan to use the funds received to develop the SmartData platform and its distribution in new industry segments and regions.

The People.ai SmartData Foundation platform with proprietary AI technologies SmartMatch and PeopleGraph helps the company's customers, such as AppDynamics, DataRobot, Ivanti, Okta and Zoom, increase revenue annually. The platform converts business information obtained directly from e-mail, calendar, and conferencing systems into market intelligence that enhances business productivity.

Founded by Ukrainians, the developer of the CRM system People.ai raised $100 million

Prior to COVID-19, Zoom also used People.ai services and managed to increase the number of orders by 42% compared to competitors. This direct impact on customer revenue has helped People.ai take the lead in revenue operations and intelligent solutions. Since its foundation in 2016, AI tools have People.ai been trained on many corporate transactions with a total value of $239 million.

In 2020, the number of People.ai customers grew by 260%, the company received 49 patents and sent another 40 for consideration, and also acquired Closeplan tools to optimize customer revenues and Hero Research to increase sales productivity when updating and editing CRM data.

The new funding round coincided with the appointment of Ankit Bhatia as Senior Vice President of Engineering. Bhatia will lead the next stage of innovation People.ai and join a leadership team reporting directly to the founder and CEO of the People.ai Oleg Roginsky.^[1]

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