11x Secures $50 Million in Series B Funding to Revolutionize Sales with AI-Powered Digital Workers

11x Secures Significant Funding for AI-Powered Sales Revolution

11x, a startup specializing in AI-powered digital workers for revenue teams, has successfully closed a $50 million Series B funding round led by Andreessen Horowitz. This latest investment values the company at $320 million and brings its total funding to $76 million 1

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The Promise of Digital Workers

11x is pioneering a new approach to sales automation with its AI-powered digital workers, Alice and Jordan. These digital workers are designed to handle the workflows traditionally managed by human sales teams:

• Alice, an AI Sales Development Representative (SDR), manages campaigns, sources leads, and personalizes outreach, resulting in response rates three times higher than traditional SDRs.
• Jordan, a multilingual phone representative, handles calls in over 30 languages, delivering up to 10 times faster lead response times 2

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The company is now developing Alice 2.0, a fully autonomous version that leverages first-party data and learns from every interaction to improve over time.

Addressing Sales Team Challenges

11x's technology aims to solve critical issues facing sales teams. According to Salesforce's latest State of Sales report, over half of sales teams are looking to reduce their tech stacks, and only 30% of sales reps' time is spent on actual selling activities 2

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. By automating non-selling tasks, 11x's digital workers promise to dramatically increase efficiency and reduce costs.

Strategic Growth and Expansion

Following their Series A funding in September, 11x has been aggressively expanding its team in the US. The company has also acquired Opkit, an AI startup focused on healthcare solutions. Opkit's co-founders will lead the development of Alice 2.0 alongside 11x's CTO 2

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Future Plans and Industry Impact

11x has ambitious plans for the coming year:

1. Launch multiple new AI agents
2. Drive aggressive revenue growth
3. Initiate key hiring in San Francisco

CEO and Founder Hasan Sukkar stated, "We're seeking bold innovators ready to shape the future of AI. Each new digital worker will replace the work of 11 full-time employees, managing an even broader range of GTM tasks from lead management to pipeline analytics" 2

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Investor Confidence and Market Potential

The substantial investment from Andreessen Horowitz and other notable backers underscores the potential of 11x's technology. Joe Schmidt, Partner at Andreessen Horowitz, commented, "11x's approach to sales automation with Alice and Jordan isn't just about optimizing workflows. It's about creating a new model for how work gets done" 2

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As 11x continues to develop its AI-powered digital workforce, it stands poised to potentially reshape the landscape of sales and marketing operations, offering a glimpse into a future where AI agents handle an increasing share of business processes.