LayerX Secures $100 Million Series B Funding to Revolutionize Enterprise Back-Office Automation
Tokyo, Japan – LayerX, a leading Japanese AI SaaS startup, announced it has raised $100 million in a Series B funding round led by Technology Cross Ventures (TCV), marking the first U.S. venture investment in a Japanese startup by TCV. This infusion brings LayerX’s total funding to $192.2 million and underscores growing investor confidence in AI-driven enterprise automation solutions.
Founded in 2018 by Yoshinori Fukushima, LayerX specializes in AI-powered automation platforms designed to reduce the workload and increase efficiency in enterprise back-office departments such as finance, tax, procurement, and human resources. The company’s flagship platform, Bakuraku, automates critical corporate spending workflows, including expense management, invoice processing, and corporate card operations. Bakuraku currently supports over 15,000 companies, including prominent clients like Ippudo, IRIS Ohyama, the Imperial Hotel, and Sekisui Chemical.
LayerX’s AI-first approach includes features such as automatic data entry from unstructured documents and automated document splitting, which help transform outdated paper-based processes into seamless, click-light digital workflows. Beyond Bakuraku, LayerX’s innovative solutions include Ai Workforce, a generative AI platform that streamlines complex, knowledge-intensive workflows by leveraging company data, and Alterna, a retail digital securities platform developed in partnership with Mitsui & Co., which shows the company’s expanding footprint in financial technology.
Yoshinori Fukushima explained that LayerX’s pivot to Software as a Service (SaaS) was driven by the critical bottleneck of paper-based invoice processing in Japan, coupled with advances in AI user experience, which allowed fast adoption and strategic partnerships, notably with MUFG Bank.
The Series B raises significant capital to accelerate LayerX’s ambitions to drive large-scale enterprise digital transformation. The company is rapidly growing, nearly doubling its workforce from 220 employees in October 2023 to about 430 in July 2025. It is on track to exceed $68 million in annual recurring revenue, aiming for $680 million by 2030.
According to industry experts, LayerX’s success will depend on the real-world productivity improvements generated by its AI agents, expansion beyond finance workflows into adjacent areas like procurement and HR, and the adoption of full-scale deployments across large enterprise subsidiaries. If LayerX continues to push the efficiency frontier in invoice and expense processing while controlling costs, its value proposition will be compelling, especially given Japan’s aging workforce and increasing compliance requirements.
The company’s broad and deep investor base includes MUFG Bank, Mitsubishi UFJ Innovation Partners, JAFCO Group, Keyrock Capital, Coreline Venture, and JP Investment, reinforcing confidence in LayerX’s strategy and technology.
LayerX’s rise exemplifies the accelerating fusion of artificial intelligence and automation in reshaping enterprise administration, positioning the startup as a key player in Japan’s digital innovation landscape.