LayerX Raises $100M in Series B to Automate Back-Office Workload with AI SaaS Platform

LayerX, a Japanese AI SaaS startup, has raised $100 million in a Series B round led by Technology Cross Ventures. The company offers an AI platform to automate back-office workflows for enterprises, helping to cut workload and improve efficiency. LayerX's key offerings include Bakuraku, Alterna, and Ai Workforce, and the startup has secured partnerships with major Japanese companies such as MUFG. The funding round brings the total raised to $192.2 million.

LayerX, a Japanese AI SaaS startup, has raised $100 million in a Series B funding round led by Technology Cross Ventures. This investment, the first for the US fund in the Japanese market, underscores the growing interest in AI-driven enterprise solutions. LayerX's platform aims to automate back-office processes, significantly reducing workload and enhancing efficiency for businesses.

The funding round brings the total investment in LayerX to $192.2 million. The startup's key offerings include Bakuraku, a platform that automates corporate expense workflows; Alterna, a digital investment platform; and Ai Workforce, a generative AI solution designed to optimize work processes. LayerX has secured strategic partnerships with major Japanese companies such as MUFG.

The investment highlights the potential of AI in transforming traditional business operations in Japan. Despite the digital transformation challenges, only 16% of digital transformations in Japan have been successful, with traditional sectors faring even worse. LayerX's platform addresses these challenges by offering a comprehensive, AI-driven solution that automizes complex processes such as expense management, invoice processing, and corporate cards [2].

LayerX was founded by Yoshinori Fukushima, a serial entrepreneur with a background in machine learning and digital transformation. The startup emerged from a digitalization and blockchain project and quickly gained traction with its innovative AI-driven platform Bakuraku. The platform has secured partnerships with prominent Japanese companies like Mitsubishi UFJ Financial Group (MUFG) and has been competing with other AI-driven automation solutions such as Money Forward Cloud Keihi, freee, and Rakuraku Seisan [2].

The funding round will enable LayerX to expand its offerings and market reach, particularly in the Japanese market. The company aims to continue improving its platform's AI capabilities and user experience, addressing the unique needs of Japanese enterprises. As the demand for AI-driven solutions grows, LayerX is well-positioned to capitalize on this trend, offering a robust and scalable platform for enterprise automation [2].

References:
[1] https://www.it-boltwise.de/layerx-ki-gestuetzte-automatisierung-fuer-unternehmen.html