Hasan Sukkar, founder of AI Startup 11 times, announced this morning on LinkedIn that he resigned as CEO. 11x's CTO Prabhav Jain has been appointed as the company's new CEO.

Sukkar will enter the position of "non-executive chairman" where he will work with Jain "strategic direction, product vision, industry relationships, opening up new market opportunities", Sukkar wrote on LinkedIn, helping 11 times in any way.

“I spent a lot of time thinking about the development from a fast-growing startup to a lasting enterprise-level scale and I realized I loved building from scratch. It was in my bones,” Sukkar wrote on LinkedIn. “I love 11 times and believe in our mission. We have a great chance. But sometimes, loving your company means knowing when to play the next phase of the game through the CEO’s catch bat.”

As TechCrunch previously reported in March, 11 times showed off customer logos on the company's websites of its inactive customers, and one of the companies threatened to bring it up. Other sources also told TechCrunch that there was a problem with the 11x product and the company struggled with customer retention. Some employees also described the startup as a tough place to work.

11x raised over $70 million in funding from investors, including $24 million Series A by Sarah Tavel, a long-time investor in benchmarks and a $50 million Series B led by Andreessen Horowitz.

A16Z partner Joe Schmidt is part of the 11x deal, he publicly supported his support for the company and its CEO and released on X in March, which loves “Hasan and the entire team 11x” and “teams, products and metrics and metrics are world-class.”

Tavel also posted on X: "As a board member, I have seen progress, and our beliefs and opportunities for the team are stronger than ever." Last week, Tavel joined Benchmark in 2017, and he also announced that she will take up a role as Venture Partners, a partner with a more limited role at the Storied company.

The 11-fold spokesperson sent a lengthy email explaining that the change was intended to enable the right person to take the position of CEO in the company's new growth stage.

"Current CTO, FMR. BrexExec and 3-time founder Prabhav Jain are playing the role of CEO, A 11-fold spokesman wrote: “Hasan Sukkar transitioned to non-executive chairman as non-executive chairman. The move reflects 11-fold growth: Over the past year, the company has grown from a single product, a single use case company to a platform that powers hundreds of world-leading GTM teams.”

Benchmark and A16Z did not immediately respond to requests for other comments.

Charles Rollet contributes the report.