People.ai Raises $50 Million in Series C Funding

A San Francisco based business focused artificial intelligence startup announced it completed another successful funding round.

People.ai, which owns an exclusive Revenue Intelligence System, announced it raised $60 million in Series C funding led by ICONIQ Capital, joined by Andreessen Horowit, GGV Capital, Y Combinator and Lightspeed Venture Partners. People.ai has raised $97 million in its combined A.B and C funding rounds.

Founded in 2016, People.ai builds enterprise growth through AI. It’s RIS frees customer-facing teams, including sales, marketing and customer success, from having to input data manually by automatically captutring all contact and customer activity data. RIS provides actionable intelligence across management tools so clients can get the best possible results. Lyft, Okta, Zoom and Tanium are among the businesses currently using this service.

It will soon add “The Wire,” which is a real-time feed of best responses to provide customer-facing teams with AI-driven intelligence, task prioritization, and execution. It is based on People.ai’s RIS, Intelligent Matching and PeopleGraph systems.

“Today’s announcement of our Series C funding represents a critical milestone in achieving our vision for the Future of Work,” said Oleg Rogynskyy, People.ai Founder and CEO, in a statement. “Today, we’re taking People.ai to the next level with AI-driven intelligence that provides customer-facing teams with a simple, personalized set of actions based on current, historical and industry data that will help accelerate revenue. When you use The Wire, you’ll have your most productive day at work, every day.”

“We’re thrilled to partner with People.ai as they execute their vision to unleash the potential of AI to drive enterprise revenue,” said ICONIQ Captial partner Will Griffith. “We see an incredible opportunity to accelerate People.ai’s game-changing technology as they redefine the meaning of the Predictive Enterprise. People.ai is the Future of Work.”

“People.ai’s technology has already unlocked tremendous productivity in sales, marketing and customer success teams across multiple industries. Organizations are fundamentally changing the way they work, and they know the status quo of dirty CRM data and manual data entry is completely unacceptable,” said Andreessen Horowitz General Partner Peter Levine. “Enterprises can use these productivity gains to create massive differentiation and efficiencies with the right valuable insights.”

People.ai has amassed 500 million sales activities, nearly 40 million contracts, with $1 trillion in closed/won deals in the pipeline and $100 billion completed.

Thanks to the new funding round, it will accelerate its growth in product innovation and continue  expansion to meet the needs of global enterprise customers, along with launching a partnership platform for top consulting firms and system integrators.

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