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11x Raises a $50 Million Series B Led by Andreessen Horowitz to Accelerate the Era of Digital Workers

Nov 11, 2024 - financialpost.com
AI-powered digital workers provider, 11x, has announced the closing of a $50 million Series B funding round led by Andreessen Horowitz. The investment aims to accelerate the development of 11x's digital workers, with a focus on sales automation. The company's first two digital workers, Alice and Jordan, have shown promising results, with Alice managing campaigns and sourcing leads, and Jordan handling calls in over 30 languages.

Following a significant team expansion in the US and the acquisition of AI startup Opkit, 11x plans to launch multiple new AI agents in the next year. The company aims to drive aggressive revenue growth and key hiring initiatives in San Francisco. 11x's digital workers are designed to replace the work of 11 full-time employees, managing a broad range of tasks from lead management to pipeline analytics.

Key takeaways:

  • 11x, an AI-powered digital workers company, has raised $50 million in a Series B funding round led by Andreessen Horowitz.
  • The company's digital workers, Alice and Jordan, have shown significant results in managing campaigns and handling calls, respectively.
  • 11x has acquired Opkit, an AI startup focused on developing healthcare solutions, and plans to launch multiple new AI agents in the next year.
  • 11x is backed by several investors and industry pioneers, including Andreessen Horowitz, Benchmark, Quiet Capital, and others.
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