SAN ANTONIO (PRWEB) MARCH 27, 2019 - FunnelAI, the marketing and sales platform that uses artificial intelligence to turn social intent and web activity into prospects for businesses, announced $1.5M in series seed funding. The round was led by Active Capital, followed by another early stage investor Geekdom Fund, UK-based retail and consumer sector investor True, and Angels from San Antonio and Houston.
“We are the industry first in connecting businesses with prospective customers in real-time from social and digital platforms by finding high purchase intents using AI. We are more comprehensive than the existing listening tools and lead gen solutions, both in terms of technology and in scope. Our solutions work for every industry, but we are hyper-focused within the auto industry, where we connect various dealerships, Auto manufacturers, E-commerce sites, Auto Financing & Insurance companies with a wide ecosystem of auto customers, needing a new car, used car, servicing, parts, aftermarket parts, insurance, financing and others,” stated Sri Kamma [pictured], CEO of FunnelAI.
"At BMW of Austin we've found that FunnelAI's powerful, yet easy to use, software allows us to stay connected with our current customers and seek out prospective customers on all of the various avenues of social platforms,” stated Chris Markey, Director at BMW of Austin - A Penske Automotive dealership.
“We topped $1 Million ARR in November 2018 within 15 months of our launch. We are very capital efficient, and a profitable 8-member startup,” Sri Kamma added. FunnelAI’s co-founder and Chief Strategy Officer Suja Kamma additionally stated, “Our seed raise allows us to hire for key functional areas and continue to focus on product innovation catered to the auto industry. We plan to expand into the next vertical in the fourth quarter of this year.” More...