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100m series iconiq growth8/7/2023 We’re proud to co-lead this investment in People.ai as they deliver on a vision to fundamentally change the next era of innovation in B2B software.” By applying breakthrough AI technology to vast data sets, People.ai is significantly improving efficiencies of enterprise processes, increasing productivity and performance across workflows. “People.ai stands above the competition in its ability to transform people’s processes across an entire organization. “On rare occasions, we come across a company that will forever change how we work,” said Abdulla AlBanna of Mubadala Capital’s US venture business. “I instantly recognized the game-changing nature of People.ai and I’m looking forward to watching them build the next generation of go-to-market growth engine for the enterprise.” Those experiences helped me recognize the hallmarks of companies that fundamentally change the way businesses operate,” said Mike Dinsdale, managing director at Akkadian Ventures. “I’ve had the privilege to serve as CFO at companies such as DoorDash, DocuSign, and Gusto. The AI-driven platform has been awarded 49 patents and transforms business activity captured directly from email, calendar and conferencing systems into go-to-market insights that make revenue teams more productive. People.ai’s unique SmartData Foundation platform, patented Artificial Intelligence (AI), SmartMatch™, and PeopleGraph® identity graph technologies help customers such as AppDynamics, DataRobot, Ivanti, Okta, and Zoom increase the revenue generated by every sales representative, every year. Including Series D funds, the total funding amount of People.ai now has raised to $200M according to Crunchbase. Let’s have a recap of People.ai financials: In Q4 2020, People.ai also acquired ClosePlan, a Salesforce app for revenue optimization. This new funding came after acquisition of Salesforce productivity app, Hero Research by People.ai which happened just three months ago. The funding round was co-led by Abdulla AlBanna, Partner at Mubadala Capital which is the venture capital arm of Abu Dhabi based investment firm, Mubadala and Mike Dinsdale, Partner at Akkadian Ventures, a San Francisco based venture capital in participation with ICONIQ Capital and Lightspeed Venture Partners. Founded in 2016 by Oleg Rogynskyy and graduated from S16 batch of Y Combinator, one of our portfolio startups, People.ai has raised $100M in Series D at $1.1B post-money valuation.
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