NEWS13 August 2021

People.ai completes $100m funding round

AI New business News North America

US – Artificial intelligence (AI) company People.ai has raised $100m in Series D funding to invest in its SmartData Foundation revenue operations and intelligence platform.

Jar of money with a plant growing out of it

The funding round was co-led by Mike Dinsdale of Akkadian Ventures and Abdulla AlBanna of Mubadala Capital, and also included existing investors including ICONIQ Capital and Lightspeed Venture Partners.

People.ai was therefore valued at $1.1bn and will use the money raised to invest in sales and marketing tools such as SmartMatch and identity graph technology PeopleGraph and expand outside the US.

People.AI uses artificial intelligence to obtain insights from business activity including emails, meetings and contacts. The company recently acquired productivity app Hero Research.

Ankit Bhatia has also been hired as senior vice-president of engineering, and will join the company’s executive leadership team.

Bhatia previously worked for companies including Microsoft, Tableau and Looker.

Oleg Rogynskyy, chief executive of People.ai, said: “With this new round of investment, we will further enrich our SmartData platform to offer an increasing array of productivity-enhancing insights.

“We will expand geographically, making our solutions available to customers outside of North America.”

@RESEARCH LIVE

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