LayerX Bags $100M in Series B Funding: TCV’s Maiden Japanese Investment
Tokyo-based AI SaaS startup LayerX has successfully secured a whopping $100 million in Series B funding. The round was led by Technology Cross Ventures (TCV), marking TCV’s inaugural investment in a Japanese company.
The funding round also saw participation from strategic partners such as MUFG Bank, Mitsubishi UFJ Innovation Partners, and JAFCO Group. This has escalated LayerX’s total funding to an impressive $192.2 million.
Established in 2018, LayerX offers enterprise workflow automation through its robust platforms – Bakuraku and AI Workforce. It serves a diverse clientele of over 15,000 across various sectors including finance, HR, procurement, and tax operations.
LayerX has been on an aggressive expansion spree, nearly doubling its workforce to 430 employees by mid-2025. The company has set ambitious growth targets, aiming to reach $680 million in annual recurring revenue by 2030. This positions LayerX as a potential leader in Japan’s rapidly burgeoning AI automation market.
This investment underscores the growing international confidence in Japanese AI startups.
Source: Crescendo AI News