According to what News is told, Andreessen Horowitz, also referred to as A16Z, is looking to invest in 11xAI, which made its debut last year.
Back in the day, A16Z supported startups such as Facebook and Airbnb, and it’s now arguably the most well-known early-stage investor in the world.
It raised more than $7 billion earlier this year to fund tech start-ups, with an emphasis on companies that use artificial intelligence.
By the standards of the venture capital business, the fund was massive, demonstrating A16Z’s ability to draw in funding from endowment and pension funds in addition to other investors.
Initially, 11xAI introduced “Alice,” an automated sales agent, and announced that “James” and “Bob,” who would be concentrating on hiring and human resources, will be unveiled eventually.
Last October, it completed a $2 million seed funding round headed by Project A Ventures.
According to reports, the startup also received funding from scout funds from Sequoia and Accel.
