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2w ago

LayerX Raises $100 Million Series B Led by TCV to Scale AI Back-Office Automation

TCV’s first bet on a Japanese startup signals rising cross-border confidence in enterprise AI software.

Sap solution management. Business process organization and analytics. Business process visualization and representation, automated workflow system concept. Vector concept creative illustration
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LayerX

Overview

  • The $100 million round lifts LayerX’s total funding to $192.2 million, with MUFG Bank, Mitsubishi UFJ Innovation Partners, JAFCO Group, Keyrock Capital, Coreline Venture, and JP Investment participating.
  • LayerX’s Bakuraku automates expense, invoice, and corporate card workflows, Ai Workforce applies generative AI to document-heavy processes, and Alterna offers a tokenized securities platform built with Mitsui & Co.
  • Bakuraku now serves more than 15,000 companies, while Ai Workforce counts Mitsui & Co. and MUFG Bank as clients; other users include Ippudo, IRIS Ohyama, the Imperial Hotel, and Sekisui Chemical.
  • Headcount grew to roughly 430 by July 2025, and the company plans to use the new capital to expand engineering and sales as it targets about 1,000 employees by 2028.
  • Management projects roughly ¥100 billion (about $680 million) in annual recurring revenue by fiscal 2030, with around half expected from its AI agent business.