Konect.ai announced on Thursday that it has secured a $5.5 million seed investment from Silverton Partners, a venture capital firm based in Austin, Texas.

The SaaS company offering conversational AI technology for the automotive retail industry said this investment will fuel Konect.ai’s mission to “transform” the way dealerships and auto tech companies engage with their customers through advanced AI-driven communication.

Leadership indicated the funds raised will be used to expand Konect.ai’s product offerings, enhance research and development and grow the company’s presence in key markets.

With features such acquisition lead management, outbound SMS campaigns, and after-hours support, Konect.ai said it is committed to enhancing the customer experience and helping clients achieve their sales goals.

“This investment from Silverton Partners is a strong validation of our vision and the hard work of our talented team. With this support, we are poised to accelerate our growth and continue to innovate, bringing the most advanced conversational AI products to the automotive retail industry,” Konect.ai president and CEO Cole Kutschinski said in a news release.

Rob Taylor is operating partner at Silverton Partners.

“We at Silverton are excited to partner with and support the Konect.ai team as they accelerate their growth,” Taylor said. “We were drawn not just to the incredible business they have already built, but also to their forward vision of utilizing machine intelligence innovation to create delightful experiences for all parties across the automotive retail ecosystem.”

For more information about Konect.ai and its solutions, visit www.konect.ai.