Japanese AI startup LayerX has raised $100 million in Series B funding to further develop its AI-powered back-office automation platform. The funding round was led by Technology Cross Ventures (TCV). LayerX intends to use the capital to expand its AI capabilities, particularly in AI agents, and extend its market reach.
LayerX offers AI-driven solutions for automating tasks across finance, tax, procurement, and HR departments. Its flagship Bakuraku platform streamlines corporate spending workflows, including expense management and invoice processing, serving over 15,000 companies. The company also provides Alterna, a digital securities investment platform, and Ai Workforce, a generative AI solution designed to optimise workflows and leverage enterprise data. LayerX aims to achieve $680 million in annual recurring revenue by fiscal year 2030 and increase its workforce to 1,000 employees by 2028.
