Myko – a conversational AI for sales and revenue team data – announced it has secured $2.7 million in seed capital from Khosla Ventures to reach new customers and expand its offerings. This funding round also included participation from Zero Knowledge Ventures, DayDream Ventures, the AngelList Early-Stage Quant Fund, and others.
Myko is a conversational AI that enables companies to drive more revenue by giving their teams deeper analytical capabilities. And the fast and secure AI allows sales and revenue teams to ask questions and get answers instantly, so they can self-serve their data and uncover hidden insights with simple text prompts. Plus, Myko plugs directly into users’ existing CRM platforms such as Salesforce, and chat apps including Slack and Microsoft Teams, so data can be analyzed within seconds.
By learning from users’ existing CRM and BI infrastructure, Myko’s natural language model automatically understands each company’s specific terminology and KPIs with minimal onboarding. And Myko’s technology digests vast quantities of information and translates it into concise formats.
This information could be understood by a language model in one shot, without querying all of the data with each user question. And the code generation model has been fine-tuned with an extensive amount of training data for sales-related insights.
The breakthroughs enable a very high level of accuracy and reliability. And Myko is able to link to all data sources, preventing inadvertent hallucinations and can show fully auditable results for users, giving teams the confidence to trust Myko’s results.
For example, a customer could ask, “Which outbound channel had the largest decrease in average sales cycle between Q1 and Q2?” And within seconds, Myko will generate the analysis and the user would be able to ask follow-up questions and interact with the output until they achieve the desired outcome.
With this new funding round, Myko will be able to offer its product to even more users, enabling any sales or revenue team to better explore and unlock the power of their data.
KEY QUOTES:
“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 AI co-founder and CEO Trevor Lee
“Sales is a key area where AI can be used to unlock valuable data insights. Myko’s conversational AI is designed to help sales teams get better insights faster to make effective revenue-driving decisions.”
- Vinod Khosla of Khosla Ventures
