AI Sales Startup 11x.ai Secures $50M in Series B Funding - 1

Photo courtesy of 11x.ai

AI Sales Startup 11x.ai Secures $50M in Series B Funding

  • Written by Andrea Miliani Former Tech News Expert
  • Fact-Checked by Justyn Newman Former Lead Cybersecurity Editor

In a Rush? Here are the Quick Facts!

  • 11x.ai raised $50 million in Series B led by Andreessen Horowitz
  • The company’s value is now estimated at $350 million
  • The two key products are Alice and Jordan, AI-powered autonomous workers

11x.ai, a startup specializing in AI sales development representatives (SDR), recently raised $50 million in Series B funding led by the American venture capital Andreessen Horowitz.

According to TechCrunch , the company— originally from London and now headquartered in San Francisco—is now valued at around $350 million. 11x.ai previously raised $24 million during Series A led by firm Benchmark just a few weeks ago.

11x’s founder and CEO, Hasan Sukkar told TechCrunch the company’s annual revenues are reaching $10 million. The startup is gaining leverage in the market and is competing against companies with similar products like Artisan, AiSDR, and Reggie.ai.

The startup’s main product is Alice, an AI agent ready to help companies in the early stages of their sales funnel. The AI SDR developed by 11x.ai can be trained, and personalized, and help companies build outreach strategies.

They recently launched a second AI agent, Jordan, a phone representative who can also work 24/7, speaks 30 languages, and can improve its skills after each call. “Jordan dials through 1,000,000+ contacts per hour, making thousands of calls daily—no need to hire, train, or manage,” states the startup’s website .

These “automated digital workers,” as 11x.ai likes to call its bots, are the company’s key products, and, according to previous interviews with TechCrunch, the startup is also building bots for talent acquisition and human resources.

Other big tech companies, like Slack and Salesforce with AI agent Agentforce , are developing autonomous AI bots to improve efficiency and customer service and automate tasks and roles.

Malaysia to Create National Cloud Policy and AI Regulations - 2

Photo by Esmonde Yong on Unsplash

Malaysia to Create National Cloud Policy and AI Regulations

  • Written by Andrea Miliani Former Tech News Expert
  • Fact-Checked by Justyn Newman Former Lead Cybersecurity Editor

In a Rush? Here are the Quick Facts!

  • The Malaysian government announced new national AI Office and Cloud policies
  • Google held an event for its $2 billion investment in data center and cloud services
  • Google will create 26,500 new jobs in the country and contribute $3 billion to the economy by 2030

Malaysia Prime Minister Anwar Ibrahim said that they will create a national cloud policy and regulations for the ethical use of artificial intelligence this Tuesday during a Google event.

According to Reuters , the new measures came after multiple global tech companies invested in local infrastructure for cloud and AI services in the last year.

The Malaysian government will create a national AI Office to complete a 5-year technology action plan, coordinate initiatives, and plan a regulatory framework for sustainable and ethical use of AI within the next 12 months.

The cloud policies, on the other hand, will focus on economic competitiveness and growth, the inclusion and empowerment of citizens, public service efficiency and innovation, and strengthening trust and data security.

“We aim to position Malaysia as a hub for generative artificial intelligence and investments from tech partners will be critical in building a robust and secure digital infrastructure,” said Prime Minister Anwar during the Google ceremony for its first data center investment in the country.

Google announced in May a $2 billion investment for the development of a new data center and cloud region in Malaysia and has made it official in today’s event. This week the tech giant also announced a new multi-year partnership with local tech company DNeX to develop cloud services.

The new Google investments should create 26,500 jobs and contribute over $3 billion to Malaysia’s economy by 2030.

“Our investments are designed to provide high performance and reliability, meeting demand for cloud and AI services across the country,” said Ruth Porat, Google President and Chief Investment Officer.

Microsoft also announced a $2.2 billion investment by 2028 in the Asian country as well as a collaboration with the government on AI and cybersecurity.