Ukrainian startup People.ai has raised $30 million. Andreessen Horowitz and Y Combinator are some of the investors
People.ai, a startup with Ukrainian roots, which is developing a platform for the sales department based on artificial intelligence, raised $30 million within the B series financing round. Among investors are Andreessen Horowitz, Lightspeed Venture Partners, GGV Capital, and Y Combinator. TechCrunch informs about it.
Oleg Rogynskyy, a founder of People.ai told the publishing that the startup will spend half of the raised funds on commercial expansion and attracting of new customers. Another half of the funds the company will invest in the development of engineering and data science areas within the business. In addition, People.ai plans to create a technical team in Canada in the nearest future. Under the terms of the deal, the general partner of Andreessen Horowitz, Peter Levin, will join the board of directors of the company.
People.ai is developing a machine-based technology that analyzes the performance of a sales department.
“We have expanded so much that now we work not with sellers only. We are now focusing on everyone who deals with customer interaction — including marketers, internal sales engineers, and sales support members. People.ai not only captures the sales activity but gives companies a complete overview of how teams interact with customers,” Rogynskyy comments.
In May 2017, People.ai raised $7 million from Lightspeed Venture Partners and others within round A.