11x Raises a $50 Million Series B Led by Andreessen Horowitz to Accelerate the Era of Digital Workers

SAN FRANCISCO, Nov. 11, 2024 (GLOBE NEWSWIRE) -- 11x, the leader in AI-powered digital workers for revenue teams, today announced the closing of a $50 million Series B funding round led by Andreessen Horowitz. The investment accelerates 11x's digital workers further into the era of AI agents.

"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," said Joe Schmidt, Partner at Andreessen Horowitz. "We're proud to support 11x as they reshape what's possible in sales."

The End of Software

Sales teams are buried under an avalanche of tools, with over half now aiming to reduce their tech stacks according to Salesforce's latest State of Sales report. Only 30% of sales reps' time is spent selling, with 70% lost to non-selling tasks like data entry and system ...