AI Startup 11x.ai Raises $50M, Valued at $350M
San Francisco-based AI and automation startup 11x.ai has secured $50 million in Series B funding. Led by Andreessen Horowitz, the round brings the company's valuation to approximately $350 million.
11x.ai specialises in creating autonomous digital workers for sales processes. Its flagship products are AI-driven sales development representatives (SDRs) that automate various sales tasks. The company aims to expand its suite of AI-powered digital workers beyond sales roles with the newly acquired funds.
The Series B financing, which closed in September 2024, saw Andreessen Horowitz (a16z) lead the round. While the additional investors are not explicitly mentioned, the funding brings 11x.ai's valuation to around $350 million.
11x.ai's successful Series B funding round, led by Andreessen Horowitz, will enable the company to broaden its AI-powered digital worker suite beyond sales. This expansion aims to automate more business processes, potentially transforming various industries.
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