AI assistant Shilo closes $2.6 million seed funding round

Shilo.ai has secured a $2.6 million seed funding round, which will aid in the facilitation of product development. The AI assistant company disclosed the funding round last Friday. The leading investor in the round was Az-vc, Arizona’s largest venture capital fund, established by Jack Selby, the managing director of Thiel Capital.

Justin Benson, Shilo’s co-founder and CEO, emphasized that their goal is not to create just another tool, but to develop an AI teammate named Shilo that elite agents will utilize daily. Shilo is capable of comprehending the context of business calls by real estate agents and mortgage loan officers, allowing it to handle follow-up tasks and offer a personalized experience for clients without the need for additional staff.

The funding round is expected to expedite Shilo’s product development and market expansion. Ashok Santhanam, the managing director of AZ-VC, highlighted the significance of embedding AI intelligence into everyday work to make a genuine impact. He praised Shilo as the first AI product tailored to the specific needs of real estate, commending the team for their clear product vision, swift execution, and deep understanding of customer needs.

Shilo is currently one of the select few API partners retaining access to call recordings and text message contents via the Zillow-owned CRM Follow Up Boss. In an email to partners, Follow Up Boss explained that the API update aligns call recording and text message content access with other data security measures in place to safeguard sensitive information.