Numerous people in the U.S. and U.K. told TechCrunch that the situation has become so tenuous that 11x's lead Series B investor, Andreessen Horowitz, may even be considering legal action. However, a spokesperson for Andreessen Horowitz emphatically denied such rumblings, telling TechCrunch that a16z is not suing. 11x offers an AI bot for outbound cold sales duties, including identifying prospects, crafting custom messages, and scheduling sales calls. It's one of a number of AI startups in the hot area known as AI sales development representatives, or AI SDRs. Founded in 2022 by Hasan Sukkar, 11x said it approached $10 million in annualized recurring revenue (ARR) just two years after launch. It moved from London to Silicon Valley last July and announced a $24 million Series A led by Benchmark in September. TechCrunch broke the news of a $50 million Series B led by Andreessen Horowitz later that month. Three current and former 11x workers told TechCrunch that most of its early...
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