11x.ai Raises $50 Million in Series B
11x.ai, a San Francisco, CA-based AI-powered sales development bot startup, has raised approx. $50 million in Series B funding, bringing its valuation to around $350 million.
11x.ai, a San Francisco, CA-based AI-powered sales development bot startup, has raised approx. $50 million in Series B funding, bringing its valuation to around $350 million.
Investors
The round was led by Andreessen Horowitz (a16z), a venture capital firm known for backing bold entrepreneurs building the future through technology. The firm invests in companies across various stages, from seed to growth, and across multiple sectors, including AI, biotech, healthcare, consumer, crypto, enterprise, fintech, gaming, infrastructure, and American dynamism. a16z manages $43 billion in assets across multiple funds.
11x.ai Use of Funds
The company plans to utilize the funds to expand its suite of AI-powered digital workers beyond sales roles.
About 11x.ai
Led by founder and CEO Hasan Sukkar, 11X.ai is an AI and automation company that builds autonomous digital workers. The company offers AI-powered sales development bots designed to automate and enhance sales processes. Its flagship products are AI-driven sales development representatives (SDRs) that handle tasks such as lead generation, research, customer outreach, and phone sales. These AI bots, branded as “automated digital workers,” perform tasks traditionally handled by human sales reps, helping businesses scale their sales efforts more efficiently.
Funding Details
Company: 11X Limited
Raised: $50.0M
Round: Series B
Funding Date: September 2024
Lead Investor: Andreessen Horowitz
Additional Investors: N/A
Company Website: https://www.11x.ai/
Software Category: Digital AI Workers
