Add-on Acquisition • Information Technology

SocialMiningAi Acquires FunnelAi

On August 2, 2021, SocialMiningAi acquired information technology company FunnelAi

Acquisition Context

This is SocialMiningAi’s 1st transaction in the Information Technology sector.
This is SocialMiningAi’s 1st transaction in the United States.
This is SocialMiningAi’s 1st transaction in Texas.

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M&A Deal Summary
Date	August 2, 2021
Target	FunnelAi
Sector	Information Technology
Buyer(s)	SocialMiningAi
Deal Type	Add-on Acquisition

Target Company

FunnelAi

San Antonio, Texas, United States

FunnelAI utilizes a variety of social platforms including social media, forums, and open source in real-time to find prospects who are looking for products or services that businesses have to offer. These qualified prospects are then given to businesses, who use them to close deals and decrease the time spent looking for leads. This process is fully automated using FunnelAI technology, significantly cutting down the sales process and saving resources. FunnelAi was formed in 2017 and is based in San Antonio, Texas.

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Buyer Overview 1

Buyer

SocialMiningAi

San Antonio, Texas, United States

Category	Company
Founded	2021
Sector	Information Technology

DESCRIPTION

SocialMiningAi is customer acquisition, brand awareness, fully automated SMS, and social media mining software. The company provides businesses the resources to engage with all social media platforms, forums, marketplaces, and online listings using one collective UI. It provides tools to help prospective customers engage easier within real-time while on the go. With its suite of Ai-powered tools, users can discover the power of online communities, stay engaged with their customers during important life events, and put data-driven analytics into action. SocialMiningAi was formed in 2021 and is based in San Antonio, Texas.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Information Technology	1 of 1
Type: Add-on Acquisition	1 of 1
State: Texas	1 of 1
Country: United States	1 of 1
Year: 2021	1 of 1

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