11xAI raises $24M led by Benchmark to build AI digital employees [Yahoo! Finance]
UiPath, Inc. Class A (PATH)
Company Research
Source: Yahoo! Finance
The Series A comes about a year after 11xAI raised a $2 million seed round led by Project A Ventures. Founded in 2022, the company calls its AI agents “automated digital workers" and like others in this field, its pitch is that its software can handle repetitive tasks, allowing human employees to focus on more strategic work. The company focuses on go-to-market teams, like sales, marketing, and revenue operations. It started out with Alice, an AI sales representative, and has now launched Jordan, which serves as an AI phone representative. “He sounds like a real human. He can have conversations up to 30 minutes in real-time in a way that's really intelligent,” Sukkar said. He says the company is also approaching $10 million in annual recurring revenue and says it counts companies like Brex, Datastax, and Otter as customers, according to its website. “Thinking ahead, there will be two additional digital workers that we are launching in the coming months,” Sukkar continued. “All
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PATH
News
- Could This Be the News UiPath Shareholders Have Been Waiting For? [Yahoo! Finance]Yahoo! Finance
- 11xAI raises $24M led by Benchmark to build AI digital employees [TechCrunch]TechCrunch
- UiPath State of the Automation Professional Report Highlights 2024 as the Year of AI IntegrationBusiness Wire
- Down 52% in 2024, Is UiPath Stock a Bargain Now? [Yahoo! Finance]Yahoo! Finance
- UiPath Inc. (PATH) Piper Sandler Growth Frontiers Conference (Transcript) [Seeking Alpha]Seeking Alpha
PATH
Earnings
- 9/5/24 - Beat
PATH
Sec Filings
- 9/17/24 - Form 4
- 9/13/24 - Form 144
- 9/13/24 - Form 4
- PATH's page on the SEC website