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11x, a London-based AI startup that creates automated digital workers, has raised funding from US investing giant Benchmark Capital. The company aims to provide businesses with "digital AI workers" that can complete repetitive and mundane tasks to free up employees to focus on other things. The startup has raised a Series A round of funding, led by US fund Benchmark, four sources familiar with the discussions told Business Insider. Related stories11x's deal was led by Benchmark general partner Sarah Tavel, who will join the startup's board. The startup created a digital sales worker named Alice and plans to release several other digital workers in the future.
Persons: Hasan Sukkar, Sarah Tavel, Uber, Alice, Slack Organizations: Benchmark, Business, US, Bessemer Venture Partners, Twitter, Benchmark Capital, Google, Project A, Ventures, Tiny Ventures, LinkedIn Locations: London, Syrian, Europe, Syria
Venture capitalists swap Paris Hilton for Al Gore
  + stars: | 2023-03-03 | by ( Anita Ramaswamy | ) www.reuters.com   time to read: +4 min
LOS ANGELES, March 3 (Reuters Breakingviews) - Venture capitalists are trading reality stars for policy wonks. Hundreds of top venture capitalists flocked to Los Angeles this week to congregate at a two-day, invite-only soirée for tech’s elite. For 2022, venture-backed companies collected nearly $240 billion for their coffers, 31% lower than the record $345 billion in 2021, according to Reuters. Crowds piled into the theater at the Museum of Motion Pictures to hear a reality check on climate change from former Vice President Al Gore. CONTEXT NEWSThe 10th annual Upfront Summit took place in Los Angeles on March 1 and 2.
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