B

Backstory

AI-powered CRM process automation and insights

Overview

Automates CRM processes with AI to help sales and marketing manage customer relationships more efficiently. It uses a cloud-based subscription that integrates with existing CRM systems, collects data, cleans and analyzes it, automates routine tasks, and presents insights through dashboards. It differentiates itself by automating end-to-end CRM workflows and making the CRM the central source of truth across industries and business sizes. Its goal is to help businesses engage customers more effectively and grow revenue through automated actions and strategic guidance.

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About Backstory

Simplify's Rating
Why Backstory is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsEnterprise SoftwareAI & Machine Learning

Company Size

51-200

Company Stage

Series D

Total Funding

$205.4M

Headquarters

San Francisco, CA

Founded

2016

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Simplify's take

What believers are saying

  • October 2026 Gartner named Backstory a Challenger in Revenue Action Orchestration.
  • September 2026 Forrester and IDC recognized Backstory, strengthening enterprise procurement credibility.
  • July 2026 Situation Search and October 2026 product updates deepen stickiness with existing customers.

What critics are saying

  • Salesforce and Microsoft can bundle comparable revenue intelligence into core platforms by 2027.
  • Backstory's 2026 rebrand from People.ai signals a crowded category and strategic repositioning.
  • If enterprises distrust AI answers on sensitive revenue data, adoption stalls across renewals and expansions.

What makes Backstory unique

  • Backstory captures sales signals from email, calls, meetings, CRM, then answers deal questions.
  • Its MCP connector works inside Salesforce, Slack, ChatGPT, Claude, and Microsoft Copilot.
  • Situation Search reuses a company's own winning deals, creating proprietary workflow lock-in.

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Funding

Total Funding

$205.3M

Meets

Industry Average

Funded Over

8 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
$80M
$100M
$100M

Benefits

  • Company Equity

Growth & Insights and Company News

6 month growth

-18%

1 year growth

2%

2 year growth

0%
Associated Press
Jul 21st, 2026
Backstory launches Situation Search to help sales teams find winning strategies from their own deal history

Backstory, formerly People.ai, has launched Situation Search, a tool that helps sales representatives find relevant past deals from their company's history using plain language descriptions. The AI platform matches current deal situations against historical data, returning up to four comparable deals with context on actions taken and outcomes. The tool works within existing chat clients and builds situation descriptions from emails, calls, meetings, and CRM data. Sales reps can describe challenges like procurement delays or competitive threats, and the system surfaces similar past deals the user has CRM visibility into. TransUnion's Senior Vice President D.J. Cox noted the tool helps reps apply proven approaches rather than guessing. Backstory CEO Jason Ambrose emphasised the platform shows reps comparable deals rather than making opaque recommendations, building trust through transparency. The San Francisco-based company is backed by ICONIQ Capital, Andreessen Horowitz, and Lightspeed Venture Partners.

Business Wire
Jun 30th, 2026
Backstory hires former ASAPP exec Mackenzie Smith as SVP of customer value

Backstory, formerly People.ai, has appointed Mackenzie Smith as Senior Vice President of Customer Value to lead its customer success strategy for enterprise clients. Smith will oversee value attainment, insights and support to ensure customers achieve measurable outcomes from the AI answers platform. Smith joins from ASAPP, where she served as Vice President and Head of Growth, leading customer execution and scaling the enterprise business. She previously built advertising technology platforms at IPONWEB and led client engagements at Merkle. Backstory provides an AI answers platform for revenue leaders, trained on over a decade of sales interactions data. Its customers include OpenAI, NVIDIA, Red Hat and Palo Alto Networks. The San Francisco-based company is backed by ICONIQ Capital, Andreessen Horowitz and Lightspeed Venture Partners.

Associated Press
May 27th, 2026
Backstory appoints Victor Chang as CISO to lead security for AI answers platform

Backstory, formerly People.ai, has appointed Victor Chang as Chief Information Security Officer to lead cybersecurity strategy and compliance programmes. Chang brings over 20 years of experience, most recently serving as a senior security leader at Meta, where he directed security for global mergers and acquisitions. The appointment comes as Backstory's AI answers platform handles sensitive revenue data for enterprise clients including OpenAI, NVIDIA and Palo Alto Networks. Chang's expertise spans compliance frameworks including ISO/IEC 27001, SOC 2 and PCI DSS. The San Francisco-based company, backed by ICONIQ Capital, Andreessen Horowitz and Lightspeed Venture Partners, provides AI-powered sales intelligence trained on billions of sales interactions. Chang also serves on the boards of Silicon Valley ISSA and SIM SF Bay Chapter.

Associated Press
Apr 21st, 2026
People.ai rebrands as Backstory, shifts from sales analytics to AI-powered deal intelligence platform

People.ai has rebranded as Backstory, signalling a strategic shift from data analytics towards delivering actionable answers for sales teams. The AI-powered platform helps revenue leaders understand deal status and next steps by connecting signals across systems including emails, calls, meetings and CRM records. The company's platform integrates with existing tools like Salesforce, Slack, Microsoft Copilot, ChatGPT and Claude, eliminating the need to switch between multiple systems. Backstory uses over a decade of training on billions of sales interactions to provide revenue-specific insights on deal momentum and risk. The platform serves enterprise clients including Red Hat, Five9 and Palo Alto Networks. Backed by ICONIQ Capital, Andreessen Horowitz and Lightspeed Venture Partners, Backstory is based in San Francisco.

Business Wire
Feb 18th, 2026
People.ai integrates Model Context Protocol to connect AI agents with complete revenue intelligence data

People.ai, an AI data platform for sales teams, has integrated the Model Context Protocol into its SalesAI Platform, enabling revenue teams to access complete revenue intelligence within existing AI workflows. The integration allows AI agents like Claude, Microsoft Copilot and ChatGPT to connect directly to People.ai's data layer, which combines structured CRM records with unstructured data from customer conversations and engagement patterns. The Answer Platform addresses a critical challenge: 80% of CRM data is inaccurate, according to research, whilst Gartner predicts 33% of enterprise software will include agentic AI by 2028. People.ai automatically collects revenue activity including emails, meetings and call transcripts, using patented matching technology to associate unstructured data with CRM records. The platform is now available to all People.ai customers, whose clients include Red Hat, Palo Alto Networks and TransUnion.

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