Conversational AI startup aimed at enhancing data insights for sales and revenue teams, Myko, has raised $2.7 million in a seed funding round led by Khosla Ventures. The investment aims to help the company reach new customers and broaden its product offerings, with contributions also coming from Zero Knowledge Ventures, DayDream Ventures, the AngelList Early-Stage Quant Fund, and others.
The startup provides an AI tool that integrates with companies' existing CRM platforms, such as Salesforce, and chat applications including Slack and Microsoft Teams.
The integration allows sales and revenue teams to swiftly analyse data and gain insights using simple text prompts, thereby facilitating faster, more informed decision-making processes aimed at driving revenue, said a statement.
Trevor Lee, co-founder and CEO of Myko AI, said: “Reporting and analysis are still massive pain points for most sales and revenue teams. With the power of AI, Myko learns from each user's metadata so they can get instant insights straight from the source.”
Myko's AI is developed to understand each company's specific terminology and KPIs with minimal onboarding by learning from the users' existing CRM and BI infrastructure. This approach allows for a high degree of accuracy and reliability in the insights provided, said the company.
Moreover, the startup claimed to ensures the integrity and auditability of its data outputs, addressing potential concerns regarding data veracity.
“Myko's conversational AI is designed to help sales teams get better insights faster to make effective revenue-driving decisions,” said Vinod Khosla of Khosla Ventures.
