11x.ai Raises $50M for AI Digital Workers Beyond Sales
San Francisco-based startup 11x.ai has secured $50 million in Series B funding, led by venture capital firm Andreessen Horowitz (a16z). This round, which closed in September 2024, brings the company's valuation to around $350 million.
11x.ai, led by CEO Hasan Sukkar, specializes in creating autonomous digital workers using AI and automation. Their flagship products are AI-driven sales development representatives (SDRs) for tasks like lead generation and customer outreach. The company plans to expand its suite of AI-powered digital workers beyond sales roles with the newly raised funds.
The Series B funding round, which took place in September 2024, saw a16z, managing $43 billion in assets, as the lead investor. Other supporting investors included Deutsche Telekom, LG Technology Ventures, and HubSpot Ventures.
With the $50 million investment, 11x.ai aims to broaden its offerings of AI-powered digital workers. The company's current focus is on AI-driven SDRs, but the new funds will enable it to explore other areas. The successful funding round reflects the investors' confidence in 11x.ai's potential and the growing demand for AI-driven solutions.
Read also:
- Elon Musk accused by Sam Altman of exploiting X for personal gain
- China's Automotive Landscape: Toyota's Innovative Strategy in Self-Driving Vehicles
- L3Harris' RASOR Revolutionizes Military Communications with Secure Satellite Broadband
- EU Bolsters Defense Capabilities: Orbotix Secures €6.5M for AI-Driven Drones
