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

  • 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
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