{"id":40348,"date":"2024-09-17T08:15:08","date_gmt":"2024-09-17T07:15:08","guid":{"rendered":"https:\/\/www.intelligentcio.com\/north-america\/?p=40348"},"modified":"2024-09-17T08:15:10","modified_gmt":"2024-09-17T07:15:10","slug":"11x-secures-24m-series-a-funding-to-create-the-future-of-digital-work","status":"publish","type":"post","link":"https:\/\/www.intelligentcio.com\/north-america\/2024\/09\/17\/11x-secures-24m-series-a-funding-to-create-the-future-of-digital-work\/","title":{"rendered":"11x secures $24m Series A funding to create the future of digital work"},"content":{"rendered":"\n

Investment to accelerate the development of AI-powered digital workers and expand global footprint.<\/em><\/p>\n\n\n\n

Pioneering AI start-up 11x has closed a $24 million Series A funding round.<\/p>\n\n\n\n

The round was led by Benchmark, with participation from Quiet Capital, SV Angel, Abstract Ventures, Lux Capital, Operator Partners, Visionaries, Activant, HubSpot Ventures, Project A, 20VC, 20Growth and 20Sales.<\/p>\n\n\n\n

Founded in 2022, 11x simplifies Go-to-Market (GTM) operations with AI-powered digital workers, allowing teams to focus on strategic work.<\/p>\n\n\n\n

\u201cWe don\u2019t target SaaS spend; we target hiring budgets. We\u2019re in the business of selling work,\u201d said Guillaume Roux-Romestaing, Head of Partnerships, 11x.<\/p>\n\n\n\n

Over the past two decades, the landscape of GTM tools has become increasingly fragmented. The proliferation of specialized software – from CRMs and marketing automation platforms to sales engagement tools and data enrichment services – has burdened revenue teams.<\/p>\n\n\n\n

\u201cSince Salesforce was invented in 1999, the accumulation of specialized GTM software in teams has led to fragmented systems and bloated operational costs. Each new tool often requires its own integrations, maintenance and training, ultimately eliminating any efficiency gains these tools were supposed to provide,\u201d said Keith Fearon, Head of Growth,11x.<\/p>\n\n\n\n

11x is redefining the workforce by developing AI-powered digital workers that autonomously execute workflows in revenue teams. By automating roles traditionally performed by employees, these digital workers can be \u2018hired\u2019 to handle tasks efficiently and at scale.<\/p>\n\n\n\n

\u201cThe key is to unbundle specific tasks traditionally performed by employees and to re-sell them,\u201d said Sarah Tavel, General Partner, Benchmark.<\/p>\n\n\n\n

Earlier this year, 11x launched Alice – an AI-powered Sales Development Representative.<\/p>\n\n\n\n

Alice has gained significant traction by helping companies grow on autopilot by automating prospecting, multi-channel engagement and personalization at scale.<\/p>\n\n\n\n

The recent launch of Jordan – an AI phone rep focused on inbound lead qualification – has already received interest from businesses aiming to streamline their \u2018speed to lead\u2019 processes.<\/p>\n\n\n\n

The Series A funding will accelerate 11x\u2019s product development pipeline, expand its team and enhance its global market presence, particularly in the US market, where the company has recently relocated its headquarters.<\/p>\n\n\n\n

The team continues to grow there, attracting key hires from leading tech companies such as CTO Prabhav Jain – former Head of Financial Services Engineering at Brex.<\/p>\n\n\n\n

\u201cIn two years, we believe that digital workers will be a regular part of how companies around the world operate,\u201d said 11x CEO Hasan Sukkar.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Investment to accelerate the development of AI-powered digital workers and expand global footprint. Pioneering AI start-up 11x has closed a $24 million Series A funding round. The round was led by Benchmark, with participation from Quiet Capital, SV Angel, Abstract Ventures, Lux Capital, Operator Partners, Visionaries, Activant, HubSpot Ventures, Project A, 20VC, 20Growth and 20Sales. […]<\/p>\n","protected":false},"author":58,"featured_media":40349,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6936,14,1034,7114,1826,1145,43,7044],"tags":[7122,7123,1032,2952,2308,149],"class_list":["post-40348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ai","category-digital-transformation","category-north-america","category-sales","category-strategy","category-tech-trends","category-top-stories","category-workforce-management","tag-11x","tag-digital-workforce","tag-north-america","tag-strategy","tag-tech-trends","tag-us"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/posts\/40348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/users\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/comments?post=40348"}],"version-history":[{"count":2,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/posts\/40348\/revisions"}],"predecessor-version":[{"id":40351,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/posts\/40348\/revisions\/40351"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/media\/40349"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/media?parent=40348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/categories?post=40348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/tags?post=40348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}