Ukrainian startup People.ai raises $60M with new round of international investment

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A Ukrainian startup that aims to transform the way sales professionals perform has attracted USD 60 million in a new round of investment. According to People.ai’s press release, the startup on May 21 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.

People.ai’s The Wire is an AI solution that provides a new way to deliver actionable insights to customer-facing teams. It is built on top of People.ai’s Revenue Intelligence System, Intelligent Matching and PeopleGraph, simultaneously analyzing activity, contact and deal data from across the organization as well as the industry, to predict which sales, marketing and customer success behaviors will drive results.

People.ai was founded in 2016 by Ukrainian Oleg Rogynskyy. The startup has offices in Kyiv, Los Angeles and San Francisco. 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 on May 21.

“This latest round of investment means People.ai has now managed to attract over USD 100 million, while the startup’s current valuation is believed to be approximately USD 500 million, writes UkraineInvest Chairman Daniel Bilak.

As reported earlier, over the past year, the venture capital investments in Ukrainian IT companies have totaled $336.9 million. Recently the Estonian startup flagship Lift99 has opened a new hub in Kyiv.

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