11x CEO Hasan Sukkar Steps Down, CTO Prabhav Jain Takes the Helm

Hasan Sukkar, founder and CEO of AI startup 11x, announced today that he is stepping down as CEO. The company’s CTO, Prabhav Jain, has been appointed as the new chief executive. Sukkar will remain on as non-executive chairman, focusing on strategic direction, product vision, and market expansion.

“I’ve realized I love building from the ground up… sometimes, loving your company means knowing when to pass the CEO baton,” Sukkar wrote on LinkedIn.

Why It Matters

The leadership change comes at a critical time for 11x, a well-funded AI startup that has raised over $70 million from major investors including Benchmark and Andreessen Horowitz. While the company has strong backers, it’s also faced recent scrutiny — including allegations of misleading customer claims, product reliability issues, and a demanding workplace culture.

The CEO transition may be a strategic move to stabilize operations, restore trust, and prepare the company for its next phase of growth. Sukkar stepping aside could also signal growing maturity at 11x — moving from a founder-led startup to a more structured, execution-focused organization under Jain’s leadership.

Despite the turbulence, 11x's investors remain confident. a16z’s Joe Schmidt called the team and metrics “world class,” and Sarah Tavel of Benchmark stated her belief in the team’s progress, even as she transitions to a venture partner role.

All eyes will be on how Jain steers the company forward, especially in a competitive and fast-moving AI landscape.