AI digital worker startup 11x has announced a $50m Series B led by Andreessen Horowitz.
The news comes less than two months after the much-hyped company raised a $24m Series A from investors including Benchmark, 20VC, Quiet Capital, SV Angel, Abstract Ventures, Lux Capital, Operator Partners, Visionaries Club, Activant, HubSpot Ventures and Project A.
11x has also announced that it acquired Opkit, a US-based startup which uses AI to automate routine phone calls between healthcare professionals and patients.
AI agents
UK-founded 11x is building “digital workers” — AI-powered tools that do the job of salespeople, as well as some customer support functions.
In the next year, the company says it plans to launch multiple new AI agents and make key hires in San Francisco.
“Each new digital worker will replace the work of 11 full-time employees, managing an even broader range of go-to-market tasks from lead management to pipeline analytics,” says CEO and founder Hasan Sukkar.
11x was founded in London in 2022, but said it was moving its HQ and relocating engineers to San Francisco in September.
“The requirement from almost all of our investors was actually to relocate to the Bay Area,” the company’s head of growth Keith Fearon told Sifted at the time. “We needed to move here.”
In September, 11x told Sifted it had 200 customers — including companies like Otter.AI, Airwallex and Datastax — and had seen its revenues grow 5x this year and had reached cash flow positivity.
Before the company announced its move to the US, Japanese investment giant SoftBank told Sifted 11x was one of the European AI startups it was watching closely.
Read the orginal article: https://sifted.eu/articles/11x-50m-series-b-news/
