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11x Analysis: $26M Raised

What is 11x?

11x provides digital workers that automate full-cycle go-to-market strategies, including sales development representative (SDR) functions, enhancing efficiency and productivity for sales and marketing teams.

Product Features & Capabilities

Prospecting
Enrichment
Personalization
Reply Handling
CRM Automation
Analytics

How much 11x raised

Pre-Seed - $2 million (August 11, 2023)

Investors: Project A Ventures
Date: August 11, 2023

Series A - $24 million (September 16, 2024)

Investors: Benchmark
Date: September 16, 2024

Customer Success Story

One notable customer of 11x is Connecteam, an all-in-one employee management app that connects frontline workers with office operations. They implemented 11x's AI-powered phone representative, Julian, to scale personalized outreach without hiring additional sales development representatives (SDRs). This resulted in significant outcomes, including a savings of $450,000 in annual SDR salaries, a 73% decrease in no-shows for meetings, and a $30,000 increase in monthly revenue per SDR. Asaf Niv, R&D Operations at Connecteam, highlighted that 11x enabled them to reach hundreds of thousands of previously untouched leads. Another notable customer is Pleo, a Copenhagen-based leader in corporate expense management. Pleo utilized 11x's AI-powered SDR, Alice, to enhance their outreach and messaging. By integrating Alice into their CRM, they achieved increased outreach volume and improved messaging relevance, allowing them to scale their operations efficiently.

Who are the founders of 11x

Leadership

Hasan Sukkar

Founder, Non-Executive Chairman

Platform Ratings & Reviews

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Financial Overview

$2MEstimated Revenue
$26MTotal Raised
Pre-Seed$2 million
August 11, 2023
Investors: Project A Ventures
Series A$24 million
September 16, 2024
Investors: Benchmark