AI Funding & Investment

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

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.

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AI, AI Infrastructure & Compute, Robotics

Taiwan’s ITRI Launches AI Robotics Innovation & Development Center to Strengthen Global Supply Chain

Insider Brief PRESS RELEASE — The Industrial Technology Research Institute (ITRI) today inaugurated the AI Robotics Innovation & Development Center (ARIDC) at its Southern Region

AI, AI Funding & Investment, Robotics

Locus Robotics Acquires Nexera Robotics to Expand Warehouse Automation Tech

Insider Brief Locus Robotics has acquired Vancouver-based Nexera Robotics as the warehouse automation company moves deeper into AI-driven robotic picking and manipulation. The company said

AI, Capital Markets, Robotics

Hyundai Mobis Seeks Robotics Technology Alliances in Silicon Valley

Insider Brief PRESS RELEASE — Hyundai Mobis (KRX 012330) hosted an event in Silicon Valley to identify global partners and expand collaboration in robotics and