Hasan Sukkar, founder and CEO of AI startup 11x, announced his resignation as CEO. He will become non-executive chairman.
Prabhav Jain, the company’s CTO, will take over as CEO. The decision aims to support 11x’s growth from a single-product company to a platform powering many go-to-market teams. The announcement came through Sukkar’s LinkedIn post.
Leadership Change at 11x
Sukkar stated he enjoys building startups but believes new leadership is needed for scaling 11x into a lasting enterprise. He said, “Loving your company means knowing when to pass the CEO baton.”
Prabhav Jain, with experience as a Brex executive and three previous startups, now leads as CEO. Sukkar will advise on strategy, product vision, and market relations.
Company Challenges and Investor Support
Reports in March revealed 11x displayed logos of companies that were not active customers, leading to potential legal issues. Product difficulties and customer retention issues were also noted.
Despite this, investors such as Andreessen Horowitz and Benchmark have maintained strong confidence. Joe Schmidt of Andreessen Horowitz publicly praised the company’s “team, product, and metrics,” while Sarah Tavel of Benchmark expressed strong conviction after leading a $24 million Series A funding round.
Funding and Growth
11x has raised over $70 million, including a $50 million Series B round led by Andreessen Horowitz. The leadership shift aims to prepare 11x for its next phase of expansion.
Key Individuals Involved
- Hasan Sukkar – Founder and outgoing CEO
- Prabhav Jain – New CEO and former CTO (LinkedIn profile)
- Sarah Tavel – Benchmark General Partner and board member
- Andreessen Horowitz – Lead investor in Series B round
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