Overview

• LayerX closed a ¥15 billion (about $100 million) Series B led by TCV, with MUFG Bank, Mitsubishi UFJ Innovation Partners, JAFCO Group, Coreline Ventures, Keyrock Capital and JP Investment participating, bringing total funding to $192.2 million.
• The company said it will hire more engineers, expand sales and accelerate its AI agent business, targeting about ¥100 billion in annual recurring revenue by fiscal 2030 and roughly 1,000 employees by 2028.
• TCV’s participation marks the U.S. growth investor’s first reported investment in a Japanese startup.
• LayerX’s Bakuraku platform automates expense management, invoice processing and corporate card operations for more than 15,000 companies, complemented by Alterna for digital securities and Ai Workforce for generative AI workflows.
• A separate report claiming a ¥150 billion round conflicts with the company’s disclosure and multiple outlets that report a ¥15 billion raise.