Big Data

People.ai grabs $7 million funding to launch world’s first AI-powered sales management platform

(c)iStock.com/RomoloTavani

People.ai has received $7 million in Series A funding led by Lightspeed Venture Partners. Its list of investors includes Y Combinator, Ron Conway’s SV Angel, Index Ventures and Shasta Ventures. Nakul Mandan, Partner at Lightspeed Venture Partners, will be a part of the People.ai board of directors.

People.ai is an artificial intelligence (AI) powered sales management platform that helps sales managers make better and faster decisions by providing refreshing insights and utilising a data driven approach to management which involves making people decisions around hiring, coaching and managing sales reps in the right direction. It helps leaders make their people decisions based on data, not intuition. It has signed 50+ customers including Salesloft, Gainsight, and MemSQL, since graduating at the top of Y Combinator’s summer 2016 batch. It is instrumental in generating revenue for customers by increasing overall productivity providing clear, actionable, insights for closing more deals.

Oleg Rogynskyy, founder and CEO of People.ai, said: “CEOs have told us they’re constantly looking for new ways to drive more revenue from their sales teams. People.ai solves that exact problem. We’re giving sales leaders a repeatable formula they can use to win more deals and build a world class sales team.”

Nick Mehta, CEO at Gainsight, said: “People.ai has given us the ability to gather valuable insights into our sales cycle. We took the insights gathered in Q4/2016, applied them to Q1/2017 and were able to exceed our revenue targets. People.ai is changing how we hire, ramp, coach and manage our sales teams.”

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