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Toma secures $17 million in Series A funding led by Andreessen Horowitz to expand its AI-powered voice agents in car dealerships.

Jun 05, 20257 months ago

Amount Raised

$17 Million

Round Type

series a

San FranciscoInformation Technology

Investors

Yossi LeviScale AngelsY CombinatorAndreessen Horowitz

Description

Toma, an AI voice startup, has secured $17 million in Series A funding led by Andreessen Horowitz (a16z). The funding will accelerate Toma's growth and expansion of its voice agents, already deployed in over 100 dealerships. This comes at a pivotal moment, highlighting the demand for AI solutions in the automotive industry. The company's focus on client needs has driven rapid growth and investor interest.

Company Information

Company

Toma

Location

San Francisco, California, United States

About

Toma is an AI voice startup focused on revolutionizing car dealership operations through the deployment of AI-powered voice agents. Founded in early 2024, Toma's agents handle tasks such as scheduling appointments and processing orders. The company operates on a subscription-based business model and has already established a presence in over 100 dealerships across the nation. Their hands-on experience in the automotive industry has fueled rapid growth and attracted considerable investment.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech