Miami startup raises millions to fund AI chatbot for businesses

The maker of a conversational artificial intelligence tool for businesses raised $2.7 million in a seed funding round led by Khosla Ventures.

Miami-based Myko AI will use the capital to expand its product offerings and reach new customers. The remote-first startup has eight full-time employees and is hiring, co-founder and CEO Trevor Lee told Miami Inno.

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Myko's AI technology helps sales and revenue teams work more efficiently. The AI plugs into a company's existing CRM platforms, such as Salesforce, and chat apps like Slack and Microsoft Teams. That makes it possible for users to ask and receive instant answers to questions about company data and reports.

That efficiency saves time for employees and helps drive revenue for businesses, Myko reports.

“Reporting and analysis are still massive pain points for most sales and revenue teams,” Lee said in a statement. “Myko learns from each user’s metadata so they can get instant insights straight from the source.”

Myko's AI can respond to queries and generate answers to follow up questions within seconds, the company reports.

Based in Menlo Park, California, lead investor Khosla Ventures is a top venture capital firm that previously backed tech giants like DoorDash, Square, Instacart and ChatGPT maker OpenAI. Zero Knowledge Ventures, DayDream Ventures and the AngelList Early-Stage Quant Fund also contributed to the seed round.

“Sales is a key area where AI can be used to unlock valuable data insights,” said Khosla Ventures founder Vinod Khosla. “Myko’s conversational AI is designed to help sales teams get better insights faster to make effective revenue-driving decisions.”

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