Topics
previous
AI
Amazon
Image Credits:Courtesy of Hasan Sukkar
Apps
Biotech & Health
Climate
Image Credits:Courtesy of Hasan Sukkar
Cloud Computing
Commerce
Crypto
Enterprise
EVs
Fintech
fund-raise
Gadgets
Gaming
Government & Policy
Hardware
Layoffs
Media & Entertainment
Meta
Microsoft
privateness
Robotics
security system
societal
Space
startup
TikTok
Department of Transportation
Venture
More from TechCrunch
Events
Startup Battlefield
StrictlyVC
Podcasts
Videos
Partner Content
TechCrunch Brand Studio
Crunchboard
Contact Us
Hasan Sukkar , the founder of AI startup 11x , is stepping down from his role as CEO , Sukkarannounced on LinkedInthis daybreak . Prabhav Jain , 11x ’s CTO , has been name the companionship ’s new CEO .
Sukkar will move into a “ non - executive chairman ” position , where he will work with Jain on “ strategical direction , product sight , manufacture relationships , and open new market opportunities , ” Sukkar write on LinkedIn , helping 11x in any mode he can “ into the time to come . ”
“ I ’ve spent a lot of time thinking about what it takes to go from a fast growing inauguration to an enduring enterprise grade scale - up , and I have clear that I love build from the ground up . It ’s in my clappers , ” Sukkar wrote on LinkedIn . “ I roll in the hay 11x and think in our mission deeply . We have a monumental chance ahead . But sometimes , be intimate your ship’s company mean knowing when to pass off the chief executive officer baton for the next leg of the airstream . ”
AsTechCrunch antecedently reported in March,11x at that clock time had been showing off on its site customer logos of society that were not active customers , and one of those company was threatening to sue over the subject . Other source also told TechCrunch that the 11x mathematical product had issues and the company had struggled with client retention . Some employees also described the startup as a grueling place to forge .
The company has grow more than $ 70 million from investor , includinga $ 24 million Series Aled by Sarah Tavel , a longtime investor with Benchmark , anda $ 50 million Series Bled by Andreessen Horowitz .
Joe Schmidt , the a16z spouse who was part of the 11x deal , publicly doubled down on his living for the company and its CEO , posting on X in March that the business firm loved“Hasan and the intact squad at 11x , ” and that the “ squad , product , and system of measurement are world class . ”
Tavel alsoposted on X , saying,“As a display panel member , I ’ve seen the progress up tight , and our conviction in the team and the opportunity is stronger than ever . ” Last workweek , Tavel , who join Benchmark as a universal partner in 2017 , also announced she would be train on the positionof speculation collaborator , a more modified role at the storied firm .
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
A spokesperson for 11x sent a lengthy email excuse that the change was intended to put the right person in the CEO role for a new growth phase of the ship’s company .
“ Current CTO , fmr . Brex White House and 3 - fourth dimension founderPrabhav Jainis stepping into the CEO role , withHasan Sukkar transition into a new theatrical role as Non - Executive Chairman , ” the 11x spokesperson spell . “ The move reflects 11x ’s growth : Over the last class , the company has evolve from a single merchandise , single use - casing ship’s company to a platform that powers hundreds of the world ’s run GTM teams . ”
Benchmark and a16z did not now react to a postulation for additional comment .
Charles Rollet contributed reporting .
