TLDR:
11x.ai, a startup building AI digital employees for process automation, raises $24 million in Series A led by Benchmark. The company focuses on creating AI agents to handle repetitive tasks, allowing human employees to focus on strategic work. It has already launched AI representatives for sales and phone calls and plans to release more. The company’s vision is to create a workforce that operates on autopilot without human intervention. The funding will be used for product development and team expansion.
Article:
A startup called 11x.ai, which specializes in building AI bots for process automation, has recently raised $24 million in Series A funding led by Benchmark. The company, founded in London in 2022, has since relocated its headquarters to San Francisco and has raised seed funding of $2 million last year. 11x.ai focuses on developing AI agents, also known as automated digital workers, to handle repetitive tasks in go-to-market teams like sales, marketing, and revenue operations.
The company has already launched AI representatives named Alice and Jordan, who can engage in real-time conversations and perform tasks intelligently. Hasan Sukkar, the founder and CEO of 11x.ai, plans to release more digital workers trained in multiple languages and different job categories. The ultimate goal is to create a suite of deeply integrated agents that can work autonomously without the need for human intervention.
While 11x.ai faces competition in the AI market from established players like UiPath and ServiceNow, investors like Sarah Tavel from Benchmark are optimistic about the company’s future. The Series A funding will be used for further product development and team expansion, with a focus on transitioning key staff to San Francisco while retaining an office in London.
Sukkar envisions a future where AI agents can entirely replace humans in manual processes, likening the potential impact to the internet or cloud computing. The company’s unique approach to automating tasks in a way that requires no human involvement sets it apart from traditional software solutions. With a strong vision and backing from investors, 11x.ai is poised for growth in the AI digital employee space.