LayerX: Japanese AI Startup Secures $100M to Revolutionize Back-Office Operations
Tokyo-based AI startup LayerX has successfully secured a whopping $100 million in Series B funding. The round was led by Technology Cross Ventures (TCV), marking the U.S. fund’s first-ever investment in a Japanese startup.
Established in 2018, LayerX has made significant strides in the tech industry with its AI-powered platform. This innovative platform is designed to automate back-office workflows, including:
- Invoice processing
- Expense management
- Corporate spending operations
The company’s flagship product, Bakuraku, now proudly serves over 15,000 enterprise clients. It has proven to be a game-changer by helping businesses reduce their administrative workload by up to 50%.
“The growth benchmark known as T2D3 was achieved ahead of schedule. We expect to surpass the previous domestic record, which took eight years from product launch, in under five years,” said CEO Yoshinori Fukushima.
The funding round saw participation from major Japanese financial institutions. These include MUFG Bank, Mitsubishi UFJ Innovation Partners, and JAFCO Group. This has brought LayerX’s total raised capital to an impressive $192.2 million.
LayerX has experienced rapid growth, scaling from 220 employees in October 2023 to 430 by July 2025. The company aims to achieve approximately $680 million in annual recurring revenue by fiscal year 2030. It’s expected that roughly half of this will come from its AI agent business.
The platform addresses a critical need in Japan. Many companies in the country still rely on paper-based invoice processing and manual workflows. LayerX’s AI-powered platform is set to revolutionize these outdated practices.
Source: TechCrunch