The company's bots, Alice and Jordan, are designed to optimize workflows and create a new model for work. Alice assists with sales leads and research, while Jordan, an AI sales representative, can handle customer calls in 30 languages. Despite competition from other AI tool developers and larger companies like Salesforce, 11x reports a positive cash flow and $10.5 million in annual recurring revenue. Its customer base includes Brex, Handshake, and Airwallex.
Key takeaways:
- AI-powered sales startup 11x has raised $50 million in a new funding round led by Andreessen Horowitz, bringing its total funding to $76 million.
- The startup, valued at $320 million, creates AI bots to assist salespeople with tasks such as generating leads, research, and customer outreach.
- 11x's newer bot, Jordan, can handle calls with customers in 30 languages, positioning the company in a competitive market of AI tools for sales and customer service.
- The company is cash-flow positive with $10.5 million in annual recurring revenue, and its customers include Brex, Handshake, and Airwallex.