CosmicTaco

AI Sales Rep Developer 11x.ai Raises $50M in Series B Funding

CosmicTaco · 2024-10-01T10:09:25.172195+05:30

- AI sales rep developer **11x.ai** has raised **$50M** in a Series B funding round led by **Andreessen Horowitz**. - This follows the company's **$24M Series A** round earlier this month, valuing the company at around **$350M**. - The company is approaching **$10M** in annual recurring revenue, implying a valuation of about **35 times ARR**. - 11x.ai currently has two AI bots, **Alice** and **Jordan**, handling sales lead generation, research, and customer outreach. - With the new funding, the company may expand its suite of digital employees beyond just sales representatives. Source: [Techcrunch](https://techcrunch.com/2024/09/30/11x-ai-a-developer-of-ai-sales-reps-has-raised-50m-series-b-led-by-a16z-sources-say/)

AI sales rep developer 11x.ai has raised $50M in a Series B funding round led by Andreessen Horowitz.
This follows the company's $24M Series A round earlier this month, valuing the company at around $350M.
The company is approaching $10M in annual recurring revenue, implying a valuation of about 35 times ARR.
11x.ai currently has two AI bots, Alice and Jordan, handling sales lead generation, research, and customer outreach.
With the new funding, the company may expand its suite of digital employees beyond just sales representatives. Source: Techcrunch