Will Griffith, Partner at ICONIQ Capital, will join the People.ai board of directors.
People.ai, creators of the only Revenue Intelligence System, announced a $60M Series C funding round led by ICONIQ Capital with participation by Andreessen Horowitz, Lightspeed Venture Partners, GGV Capital and Y Combinator. Will Griffith, Partner at ICONIQ Capital, will join the People.ai board of directors.
"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. "We've already enabled customers to, for the first time, capture all of an organization's critical business data, such as contacts and customer activity data, and deliver it directly to the CRM. This has significantly improved sales productivity and CRM data accuracy and liberated the enterprise from time-consuming manual data entry. 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."
Since its founding in 2016, People.ai's Revenue Intelligence System has trained its AI on 500 million sales activities, nearly 40 million contacts, $1 trillion in pipeline, and over $100 billion in closed/won deals. The company grew revenue 5X year-over-year in 2018 and now powers top-tier enterprises such as Red Hat, Lyft, Zoom, New Relic, Splunk, and more. With the funding announced, the company will accelerate advancements in product innovation and continue its expansion to meet the needs of global enterprise customers, along with launching a partnership platform for top consulting firms and system integrators.
"We're thrilled to partner with People.ai as they execute their vision to unleash the potential of AI to drive enterprise revenue. People.ai is well positioned in a highly strategic enterprise market, leveraging automation and AI to fundamentally change the way people work. People.ai's product, powered by strong network effects, is delivering insights and productivity at the scale and quality we have not seen previously," said Will Griffith, Partner at ICONIQ Capital.
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