Ukrainian People.ai raised $60M. It was valued at $500M

Ukrainian startup People.ai, which is developing a platform for a sales department based on artificial intelligence, has raised $60 million, with a valuation at about $500 million, TechCrunch reports.

• Its investors include Iconiq, Andreessen Horowitz, Lightspeed Venture Partners, GGV Capital, and Y Combinator. According to Oleg Rogynskyy, founder of People.ai, the startup will spend the funds raised to expand the team. It will use the funds to expand its Kyiv office from 30 people to 100 in the near future.
• In addition, People.ai launches a new product called The Wire. It’s a feed that allows sales specialists to find potential customers, select an approach to them and eventually sell to them.
• ai was founded by Ukrainian entrepreneur Oleg Rogynskyy in 2016. In the span of its existence, it has attracted over $100 million. Currently, People.ai employs about 145 people; its customers include about 50 large companies.

Previously, AIN.UA informed that People.ai was included in the list of 10,000 fastest growing tech companies.