Konect.ai, a Houston, TX-based SaaS company that offers conversational AI technology designed for the automotive retail industry, raised $5.5 million in seed round.
SaaS Investors
The investment was from Silverton Partners.
Silverton Partners a prominent venture capital firm based in Austin, Texas. The firm invests in entrepreneurs who are dedicated to tackling growth markets and building lasting companies.
Konect.ai Use of Funds
The company plans to use the funds to accelerate its growth, expand its product offerings, and continue innovating in the conversational AI space.
The funding will enable Konect.ai to further its mission of revolutionizing customer engagement in the automotive retail sector.
About Konect.ai
Konect.ai provides an AI-powered communication platform tailored for the automotive retail sector. The platform offers solutions that enhance the customer experience, support sales goals, and improve communication between auto dealerships and customers. Utilizing advanced natural language processing, Konect.ai significantly boosts contact rates with automotive customers via immediate lead responses, persistent follow-ups, and 24/7 appointment scheduling. Konect.ai features include adept inbound lead engagement, targeted outbound SMS campaigns, and reliable after-hours support, setting a new benchmark in automotive client interactions.
Funding Details
Company: Konect Ai LLC.
Raised: $5.5M
Round: Seed Round
Funding Month: October 2023
Lead Investors: Silverston Partners
Additional Investors:
Company Website: https://www.konect.ai/
Software Category: AI-powered Communications Platform
Source: https://www.prnewswire.com/news-releases/konectai-secures-5-5m-seed-investment-from-silverton-partners-301948622.html