People.ai, a revenue operations (RevOps) and intelligence platform, raised $100 million in a series D funding round, bringing the company to a $1.1 billion valuation. The funding round was co-led by Akkadian Ventures and Mubadala Capital, and included additional investors from ICONIQ Capital and Lightspeed Venture Partners.
With the extra funding, People.ai will continue to develop the capabilities of its SmartData platform to provide revenue teams with accurate go-to-market (GTM) insights that accelerate deals. The company will also use the capital to expand its platform into new segments while growing for global adoption.
“The funding will provide us with new opportunities as we continue our hypergrowth path, and will allow us to continue building toward our vision of unlocking human productivity with the help of data,” said Oleg Rogynskyy, Founder and CEO of People.ai, in an interview with Demand Gen Report. “We will continue to evolve our SmartData platform, which auto-populates CRM systems with the most complete and accurate set of activities and contracts to provide GTM teams with complete visibility into customer engagement. We are also focused on expanding into new geographies, such as EMEA, and industry segments, such as professional and business services, manufacturing and other verticals, that embrace horizontal B2B sales practices.”
This funding announcement comes off the heels of People.ai’s acquisition of Salesforce user productivity app Hero Research Inc., which was added to the company’s portfolio as PeopleGlass. The addition of PeopleGlass combined with the funding will allow the company to provide sales, customer success, sales engineering and operations users with data insights that improve operations and drive revenue.