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11x.ai, a developer of AI sales reps, has raised $50M Series B led by A16Z, sources say

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11x.ai, a developer of AI sales reps, has raised $50M Series B led by A16Z, sources say

11x.ai, a startup that develops AI-powered sales development bots, has secured roughly $50 million in Series B funding, TechCrunch has learned. The new round was led by Andreessen Horowitz, valuing the company at around $350 million, multiple sources told TechCrunch.

The recent deal follows the company’s $24 million Series A, which was led by Benchmark with the participation of other investors including 20VC, Project A, Lux Capital, and SV Angel. While 11x.ai announced its Series A round earlier this month, we’ve learned that the deal closed earlier in 2024. The company was valued at $90 million during its Series A, according to one source.

11x.ai and Andreessen Horowitz didn’t immediately respond to a request for comment.

Hasan Sukkar, 11x’s founder and CEO, told TechCrunch that the company is approaching $10 million in annual recurring revenue. This implies that investors valued the startup at about 35 times ARR, a multiple that’s a notch more grounded than heady valuations recently garnered by other AI-powered companies with similar revenues.  For example, Hebbia, a large document search startup, has raised a Series B at 54 times ARR, TechCrunch reported in July.

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While Series B places 11x.ai ahead of competitors in terms of valuation and total capital, investors told TechCrunch that it’s still too early to tell whether the company has established a significant lead over its rivals.  11x.ai is one of many quickly growing startups building AI sales development representatives, or AI SDRs. Other startups working on similar solutions include Reggie.ai, AiSDR and Artisan. Incumbents such as Salesforce have also introduced products that work as autonomous sales agents.

Although some investors are wary of backing AI SDR startups because it is hard to distinguish these companies’ offerings from each other, 11x’s Series B shows that other VCs are not afraid to make a larger bet on one of these startups.

11x.ai currently has two AI bots, or what the company is calling “automated digital workers.” Alice is an AI SDR that handles sales lead generation, research and customer outreach. The company recently introduced Jordan, an AI phone sales representative that speaks over 30 languages and can handle inbound and outbound conversations with prospective human buyers.  

The company told TechCrunch last year that they’re developing AI bots for talent acquisition and human resources. Now that 11x.ai has more capital, it may focus on expanding its suite of digital employees beyond just sales representatives.

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The entire Vivo X200 family appears in all color options

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The entire Vivo X200 family appears in all color options

The Vivo X200 puzzle is slowly coming together. Vivo confirmed the front and rear designs of the Vivo X200 recently, and now all three smartphones from the series have surfaced, in all color options.

The entire Vivo X200 series shows up online in all color options

The devices in question here are the Vivo X200, Vivo X200 Pro, and Vivo X200 Pro Mini. As expected, the three phones will look very similar. Designs of all three phones appeared on JD.com, one of China’s largest retailers.

If you check out the gallery below, you’ll get to see all three phones. You can see their backs and their sides here. All three models will have flat sides all around, which will be rounded slightly towards the edges. They will all have a circular camera island on the back, with ZEISS optics.

These designs lead us to believe that all three phones will have flat displays. We know that the Vivo X200 will, thanks to Vivo’s confirmation, but the other two will as well, almost certainly. The bezels will also be quite thin, though they may differ from one model to the next.

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The Vivo X200 & Vivo X200 Pro Mini will have a similar camera layout

The Vivo X200 and Vivo X200 Pro Mini have a similar camera layout on the back. That layout does differ from what the Vivo X200 Pro offers so that phone will be easy to differentiate.

The Vivo X200 and Vivo X200 Pro will be available in the same color options. Moonlight Black, Moonlight White, Sapphire Blue, and Titanium colors are coming, as you can see.

The Vivo X200 Pro Mini, on the other hand, will be available in white, pink, green, and black colors. Vivo will likely use Moonlight Black and Moonlight White names here too, while we still don’t have official names for the pink and green models.

The Vivo X200 series will become official on October 14. That much has been confirmed by the company. These devices will launch in China, while there’s still no info regarding a global launch. They will be coming to more markets, though.

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Amazon’s Fire HD 10 tablet drops to a record-low price ahead of October Prime Day

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Amazon's Fire HD 10 tablet drops to a record-low price ahead of October Prime Day

If you’ve been on the lookout for a killer deal on a perfectly decent tablet for streaming videos and catching up on some reading, hunt no more. Just ahead of the October edition of Prime Day, Amazon has , which is a discount of $65. This matches the tablet’s lowest price to date, which we saw .

The deal is for a model with 32GB of storage and ads on the lockscreen. Expanding the storage is easy enough thanks to the microSD slot, but to get rid of the lockscreen ads you’ll need to buy a different version (which, ).

Amazon

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The base Fire HD 10 has dropped back down to its lowest price to date. You can snap up one of Amazon’s tablets for $75 ahead of the October edition of Prime Day.

$75 at Amazon

You probably won’t be doing as much creative work on a Fire HD tablet as you might on an iPad Pro. But for kicking back and catching up on a show or reading a Kindle book, Amazon’s tablet certainly does the trick. It has a 10.1-inch Full HD display with a promise of up to 13 hours of battery life. Amazon says it delivers 25 percent faster performance than the previous model and it has 3GB of storage.

You can use the tablet to keep up with family and friends using messaging apps or hop on video calls with the help of the 5MP front-facing camera. You can also use a stylus to sketch in various apps. There’s Alexa integration as well, of course — you can use the tablet to control smart compatible home devices and get a live view of connected security cameras.

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One thing worth noting is that Amazon has yet to hold its usual fall devices event, so it may be using the October Prime Day sale to get rid of its current inventory of devices on the cheap before announcing upgraded models. Even if Amazon does have new tablets to show off in the coming weeks, though, you’ll still have a solid device in hand if you snap this one up.

Follow @EngadgetDeals on Twitter for the latest tech deals and buying advice in the lead up to October Prime Day 2024.

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507019-B21 HP Blade Server Cabinet BLc7000 Rackmount Enclosure

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507019-B21 HP Blade Server Cabinet BLc7000 Rackmount Enclosure



507019-B21 HP Blade Server Cabinet BLc7000 Rackmount Enclosure
at Genisys. http://bit.ly/11qtfzv
Expert IT refurbishing for over 20 years.
(425)869.6055 .

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Invesco raises its valuation of Swiggy to $13.3B

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Invesco raises its valuation of Swiggy to $13.3B

U.S. asset manager Invesco has raised the value of its stake in Swiggy, ascribing an implied valuation of about $13.3 billion to the Indian food-delivery and quick-commerce startup that is on track to go public in about a month.

In a disclosure on Tuesday, Invesco’s Developing Markets Fund said it valued the 28,844 shares it owns in Swiggy at $219.25 million as of the end of July 2024. The asset manager bought the shares in Swiggy for $190.47 million.

Invesco invested in Swiggy in early 2022, leading a $700 million round in the Bengaluru-based startup. The round valued the company at $10.7 billion.

Invesco has been fairly conservative with its assessment of its holdings in Swiggy. When the market dipped in 2023, Invesco lowered its estimated value of Swiggy to $5.5 billion at the end of July 2023, and held it at about $12.3 billion at the end of April this year.

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Firms use different methodologies to calculate the valuation of privately-held companies. Generally, they use the market performance of a publicly listed rival to benchmark such companies. Zomato, Swiggy’s chief rival, has had a market cap between $22 billion and $30 billion in recent months.

Baron, another investor in Swiggy (though it owns fewer shares in the food delivery startup than Invesco), valued the Indian firm at $15.1 billion at the end of March this year.

“Swiggy is well positioned to benefit from structural growth in online food delivery in India, in our view,” Baron said in a letter in June. “We believe India’s food delivery industry is still in its infancy and will continue to scale over the next several years thanks to a growing middle class, rising disposable income, higher smartphone penetration, and structural shifts in consumer preferences driven by a tech-savvy, younger population. The industry has also become a duopoly between Swiggy and Zomato, which bodes well for the future profitability and scale of the company.”

The mark up in valuation comes at a time when many investors have cut the value of their holdings in several Indian and overseas startups. In a June update to its investors, wealth and asset manager 360 One said it valued VerSe, an Indian startup that operates the popular news aggregator Dailyhunt, at $2.9 billion, down from the $5 billion price tag at which VerSe raised its last private round in April 2022.

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#60 One ascribed a valuation of about $900 million to online meat and seafood retailer Licious, and $1.9 billion to edtech company upGrad, TechCrunch previously reported.

Swiggy is seeking to raise as much as $1.4 billion in the IPO at a valuation range of $13 billion to $15 billion.

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The New PowerEdge XE9680 Server

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The New PowerEdge XE9680 Server



Boosts insights from growing data sets with AI acceleration technology designed for optimal performance, fastest time-to-value and air-cooled operations.

The Dell PowerEdge XE9680 is a no-compromise acceleration server designed to drive business insights in the most demanding Deep Learning applications such as large natural language processing models, recommendation engines, data analytics, and in HPC modeling and simulation workloads. Features:

* Delivering powerful AI training performance with 8x NVIDIA GPU accelerators

* Scale up capabilities with choice of NVIDIA H100 or A100 GPUs in air-cooled chassis

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* DDR5 and PCIe Gen5

Learn More – https://www.dell.com/BXVWF2r3bOU .

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A PS5 update that screwed up game backgrounds was just a bug

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A PS5 update that screwed up game backgrounds was just a bug

An apparent bug was causing game art backgrounds to be replaced by promotional messages and news posts on the PlayStation 5 dashboard for some people on Monday. The images they saw featured promotions for long-expired discounts and ads for new games.

People lamented the change in forums and on social media, saying the game art that previously showed up when they highlighted a game was gone. Instead, the image that would ordinarily show up as a news post in a separate section of the PS5 UI was splashed across the screen behind games like Miles Morales, Hi-Fi Rush, and Final Fantasy VII Remake.

In a since-deleted post, Daniel Hiatt, product lead for Game Hub and Activity Suggestions with PlayStation, wrote Monday afternoon that the change was a “(new) bug with an existing feature.” Then, by 6PM ET, those game pages are back to normal, as we confirmed on our own PS5s. The @AskPlayStation account on X confirmed the fix, saying:

A tech error with the Official News feature on the PS5 console has since been resolved. There have been no changes to the way game news is displayed on PS5.

Hiatt’s now-deleted post.
Screenshot: X
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One Verge staffer shared some screenshots of the temporary new look while it was active, like the one below highlighting a launch discount for Animal Well that ended months ago (the game came out in May. We reviewed it!).

An example of the bug from a Verge staffer’s PS5.
Screenshot: PlayStation 5 dashboard

There are whole threads devoted to the change on both Reddit and Resetera, but now that it’s reverted, people will have to go back to debating the PS5 Pro, review scores, and why Concord failed.

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