Austin-based Mia Labs announced a $20 million Series A funding round to advance its automotive retail platform. The round was led by Permanent Capital Ventures and totals Mia’s funding at $29 million to date.
The company equips vehicle dealerships with a conversational platform that allows them to replace fragmented manual workflows with an AI-native operating system spanning various departments and channels. Mia has booked more than 130,000 sales and service appointments, enabled over $45 million in revenue from those appointments and facilitated over 1 million customer conversations to date.
“This Series A funding is a major vote of confidence in Mia’s vision and the real results we’re delivering for automotive dealerships,” Brian Hoang, CEO and co-founder of Mia Labs, said in a statement. “In today’s competitive landscape, dealerships can’t afford outdated tools and broken data that slow them down. We’re directly addressing this by building the most sophisticated AI super employee in the automotive space; one that’s deeply familiar with dealership operations, elevates the customer experience and continually improves to help dealers drive more revenue.”
The fresh funding will enable Mia to invest in platform expansion, product innovation and hiring talent to its 50-person team.
