-82%

est. 2Y upside i

AI & MLSeries B

11x is pioneering a new era of AI Digital Workers. Our goal is to automate every single mundane and repetitive task. Large Language Models enable a completely new paradigm to process automation - and our digital workers can help companies automate not just individual tasks or simple workflows but entire end-to-end processes.

Rank

#3972

Sector

AI Automation

Est. Liquidity

~4Y

Data Quality

Data: High

11x operates in a high-growth AI automation market with strong investor backing, but its current $350M valuation is extremely high relative to its reported $3M ARR (116x multiple).

Last updated: March 10, 2026

Bull (15%)+200%

11x successfully refines its AI agents, overcoming current personalization issues and proving significant ROI for enterprise customers, leading to rapid ARR growth to $50M by 2028. This justifies a 20x ARR multiple, pushing valuation to $1B and providing a +200% upside.

Base (30%)+20%

11x achieves moderate growth, reaching $15M ARR by 2028, but faces intense competition from incumbents and well-funded rivals. Valuation grows modestly to $420M, resulting in a +20% upside for common shareholders, but returns are constrained by competitive pressures and the preference stack.

Bear (55%)-70%

Persistent issues with AI agent effectiveness, coupled with aggressive competition from Salesforce and Apollo.io, lead to stalled growth and customer churn. A down round or acquisition at $105M valuation results in a -70% downside for common shareholders, with most value captured by preferred investors.

Est. time to liquidity~3.5 years

Preference Stack Risk

high

Funding Intensity

22%

Investors hold $76M in liquidation preferences, meaning common shareholders would get little to nothing in an exit below $76M, and significantly diluted returns between $76M and $350M.

Dilution Risk

high

Given the current ARR and valuation, 1-2 more significant funding rounds are probable before an exit, which will lead to further dilution of existing equity holders.

Secondary Liquidity

none

There is no public information suggesting active secondary markets or tender offers for 11x equity.

Questions to Ask at the Interview

Strategic questions based on 11x's data — designed to show you've done your homework.

  • 1

    “Given the intense competition from incumbents like Salesforce and well-funded players like Apollo.io, how does 11x plan to differentiate its AI agents beyond automation to build a sustainable competitive moat?”

  • 2

    “The company's reported ARR is $3M, yet some reports mentioned 'approaching $10M' around the Series B. Can you provide clarity on the current revenue trajectory and how the team plans to scale revenue significantly to justify the $350M valuation?”

  • 3

    “With a Series B funding and a high preference stack, what is the company's realistic timeline and strategy for a liquidity event, and what mechanisms are in place to ensure common shareholders see meaningful returns?”

Community

Valuation Sentiment

Our model estimates -82% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.