AI Startups 11xAIbuild and Moveworks Secure $24M Series A Round and $100M ARR Milestone

AI startup 11xAIbuild has raised $24 million in a Series A round led by StepStone platform manager Benchmark. The funding will accelerate the development of its automation technology, designed to streamline business processes by automating repetitive tasks. Meanwhile, Moveworks, a $2.1 billion enterprise AI company, has crossed $100 million in annual recurring revenue. Moveworks' AI copilot boosts productivity for millions of employees worldwide by automating mundane workplace tasks.