11x.ai, a Startup Developing AI-powered Sales Bots, Announces $50M Series B Led by Andreessen Horowitz, Sources Reveal

By James Dargan · 3 October 2024 · 1 min read

AI sales development startup 11x.ai has raised around $50 million in Series B funding, led by Andreessen Horowitz, valuing the company at $350 million, TechCrunch reports. This follows a $24 million Series A earlier this year, which included Benchmark, 20VC, and others.

Founder and CEO Hasan Sukkar shared that 11x.ai is nearing $10 million in annual recurring revenue, making its valuation approximately 35 times ARR, a more conservative multiple compared to competitors like Hebbia.

Despite competition from AI sales platforms like Regie.ai and Salesforce, 11x.ai’s new round reflects strong investor confidence in its AI sales bots, Alice and Jordan.

Topics11x.ai AI Andreessen Horowitz capital markets funding generative AI sales bots Series B

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James Dargan

James Dargan is a writer and researcher at The AI Insider. His focus is on the AI startup ecosystem and he writes articles on the space that have a tone accessible to the average reader.

11x.ai, a Startup Developing AI-powered Sales Bots, Announces $50M Series B Led by Andreessen Horowitz, Sources Reveal

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