Breaking News: 11xAI Raises $24 Million in Series A Funding Led by Benchmark and Relocates Headquarters to San Francisco
11xAI, a revolutionary startup specializing in AI bots for process automation, has just secured a massive $24 million in Series A funding led by Benchmark. This funding round comes on the heels of a successful $2 million seed round led by Project A Ventures in 2022. Founded in London, 11xAI is now part of the growing trend of AI startups moving their headquarters to San Francisco.
The company's AI agents, known as "automated digital workers," are designed to handle repetitive tasks, freeing up human employees to focus on more strategic work. With a focus on go-to-market teams like sales, marketing, and revenue operations, 11xAI has already seen success with companies like Brex, Datastax, and Otter as customers.
11xAI currently offers AI sales representatives like Alice and AI phone representatives like Jordan, who can engage in intelligent conversations for up to 30 minutes in real-time. The company is also working on launching two additional digital workers in the near future to create a suite of deeply integrated agents.
Founder and CEO Hasan Sukkar envisions a future where autonomous agents will revolutionize the workforce, operating on autopilot without the need for human intervention. He believes that this shift could be as significant as the advent of the internet or the cloud.
Despite facing competition from established companies like UiPath, ServiceNow, and Salesforce, 11xAI has garnered significant investor interest. Benchmark's general partner, Sarah Tavel, who led the Series A funding, is optimistic about the company's potential and has joined the board at 11xAI.
The funding will be used to further develop products and expand the team, with most key staff members relocating to San Francisco. Sukkar's ultimate goal is to redefine what's possible by automating laborious tasks, unlocking human potential, and ushering in a new era of innovation.
In conclusion, 11xAI's recent funding and strategic relocation mark a significant milestone in the evolution of AI-powered automation. As these technologies continue to advance, individuals and businesses alike can expect to see a transformation in the way work is done, creating new opportunities for growth and efficiency in the digital age.