11x CEO Hassan Sukar stepped down

Hassan Sukar, founder of Ai Startup 11x, stepped down as an executive president, sukkar Advertin on LinkedIn This morning. Prabhav Jain, CTO 11X, CEO of the new company has been appointed.

SUKKAR will move to the position of “non -executive president”, where he will work with Jain on “the strategic direction, the vision of the product, industry relations, and the opening of new market opportunities”, Sukkar wrote on LinkedIn, and 11x assisting in any way it can “in the future.”

“I spent a lot of time thinking about what is necessary to move from a fast -growing start -up company to the permanent measure of institutions, and I realized that I love building from A to Z. It is in my bones,” Sukar wrote to LinkedIn. “I love 11x and believe in our mission deeply. We have an enormous opportunity in the future. But sometimes, your company’s love means knowing when the CEO Patton passes at the next station of the race.”

like Techcrunch was previously reported in March, 11X at the time appeared on the companies ’slogans of companies that were not active clients, and one of these companies was threatening to prosecute the matter. Other sources also told Techcrunch that the 11X product suffers from problems and that the company has struggled to keep customers. Some employees also describe the start of the operation as a stressful place to work.

The company raised more than $ 70 million of investors, including Series of 24 million dollars Under the leadership of Sarah Tafil, a long investor with measurement, and A $ 50 million chain b Under the leadership of Andrink Horwitz.

Joe Schmidt, A16Z partner, which was part of the 11x dealHe publicly doubled his support for the company and its CEO, Publishing on X in March that the company loved “Hassan and the entire team in 11x”, and that “the team, producer and standards are globally.”

Tafil also Posted on X, saying, “As a member of the Board of Directors, I saw progress closely, our condemnation in the team and the opportunity is stronger than ever.” Last week, TAVEL, which joined Benchmark as a general partner in 2017, announced that she would hold this position AdventureLimited role in the company floors.

A 11X spokesman sent an lengthy email that shows that the change was aimed at placing the right person in the role of the CEO in a new growth phase of the company.

The current CTO, FMR. Brex Exec and founder 3 times Brabaf Jain It enters the role of the CEO, with 11X spokeswoman wrote, “This step reflects the growth of 11x: During the past year, the company has evolved from one product, on the basis of one product, the company developed from one product, one company, which reflects the 11x growth: Over the past year, the company has evolved from one product, to a platform that enhances hundreds of world leading GTM teams.”

The standard and A16Z did not respond immediately to order an additional comment.

Charles Roulette contributed to reporting.