11x.ai, a developer of AI sales reps, has raised $50M Series B led by A16Z, sources say
Reading Time: < 1 minutesThe recent deal follows the company’s $24 million Series A, which was led by Benchmark with the participation of other investors including 20VC, Project A, Lux Capital, and SV Angel. While 11x.ai announced its Series A round earlier this month, we’ve learned that the deal closed earlier in 2024. The company was valued at $90 million during its Series A, according to one source.
11x.ai and Andreessen Horowitz didn’t immediately respond to a request for comment.
Although some investors are wary of backing AI SDR startups because it is hard to distinguish these companies’ offerings from each other, 11x’s Series B shows that other VCs are not afraid to make a larger bet on one of these startups.
11x.ai currently has two AI bots, or what the company is calling ‘automated digital workers.’ Alice is an AI SDR that handles sales lead generation, research and customer outreach. The company recently introduced Jordan, an AI phone sales representative that speaks over 30 languages and can handle inbound and outbound conversations with prospective human buyers.
Ref: techcrunch
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