Startup with Ukrainian roots People.ai raised $30 million

Startup with Ukrainian roots People.ai, developing a technology based on machine learning which analyzes the performance of sales Department, raised $30 million in round of funding series V. Among investors Andreessen Horowitz, Lightspeed Venture Partners, GGV Capital and Y Combinator. About it reports TechCrunch.

According to the founder of a startup, Oleg Roginskaya, half of the money will be spent on commercial expansion and acquiring new customers. The second half of the plan to guide the development of the engineering and data science areas within the business.

People.ai plan to create a technical team in Canada. Under the deal, General partner of Andreessen Horowitz’s Peter Levine will join the Board of Directors of the company.

We will remind, according to the collected data from mail, call, entries in CRM, the in-network People.ai analyzes the performance of sales managers and provides the employer with a report about their impact. The service operates at the intersection of big data, machine learning and artificial intelligence.

For the first 3 months of operation platform have started to use more than 300 of the largest U.S. companies, among them Lyft, Dropbox, PagerDuty, Optimizely. Nine months service, he graduated as the top startups of the world’s most famous incubator Y Combinator. Reaching so much success over the year, People.ai develops further and is working from offices in Kiev and San Francisco.

As previously reported, onBSI, the volume of investment in the Ukrainian IT-companies in 2017 amounted to $265 million, which is three times more than in 2016. The Deal People.ai with Lightspeed Venture Partners, Index Ventures, Shasta Ventures, Y Combinator, SV Angel in may 2017, which raised $7 million, has become one of the largest in 2017.

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