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Mubadala Backs Software Startup People.ai in New Funding Round

  • Silicon Valley’s People.ai valued at $1.1 billion after round
  • Mubadala’s AlBanna sees ‘multiple winners’ in sales software

Sales software startup People.ai has reached a $1.1 billion valuation with a $100 million funding round backed by new investors Mubadala Investment Co. and Akkadian Ventures.

People.ai founder and Chief Executive Officer Oleg Rogynskyy said in an interview that the company’s software is used by companies including Zoom Technologies Inc. to track best practices for sales people.