Announcing our Investment in PeopleReign
AI to make your life at work easier
Today we are excited to announce our investment in PeopleReign, which uses AI to make people’s work lives better and easier.
We meet innovative entrepreneurs with bold visions every day, and we’re always in search of the right combination of team, technology, and market. When we find it, we take pride in partnering not just by writing checks, but by investing our time and attention.
We recently met the team from PeopleReign and immediately identified an opportunity to use technology to change lives. Many companies claim to have unique AI IP, but few have the experience needed to deploy it at scale and define new markets.
The market for AI-first systems of intelligence is large and growing as CIOs realize there’s a need to make traditional systems of record smarter. New companies like PeopleReign are extending the life of every legacy system by wrapping a layer of intelligence around them. The team started with IT Service Management, but has a bigger vision to improve every system of record.
The PeopleReign team has been building AI-first products for a long time. They’ve been able to make large enterprises successful by turning messy internal ticketing data into automated answers for employees. Poor quality answers and waiting on helpdesk hold lines are extremely demotivating, and perhaps are one of the contributors to “The Great Resignation.” PeopleReign is using AI to deliver instant answers to common questions related to compensation, technology, passwords, COVID, benefits, and everything else that leads to frustration at work.
The PeopleReign CEO and founder Dan Turchin is a serial entrepreneur and veteran of companies like ServiceNow, Fortinet, and BigPanda. PeopleReign is his SEVENTH startup - he’s determined! He shares his perspective on why he started the company and his vision for better employee experiences here.
Read the full announcement here, including a description of how one of their largest partners, Swiss Re, uses PeopleReign to support 15,000 employees in 25 countries.