Recently, the Japanese AI startup LayerX announced a $100 million Series B funding round, led by TCV, a U.S.-based technology cross-industry investment company. This is the first time this fund has invested in a Japanese startup. The funds will help LayerX further develop its enterprise back-end automation platform.
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Founded in 2018, LayerX focuses on using AI technology to reduce the burden of back-office work for enterprises. Its main product Bakuraku aims to automate corporate expense processes, including expense management, invoice processing, and corporate card operations, and has provided services to more than 15,000 companies. In addition to Bakuraku, LayerX also launched Alterna, a retail digital stock investment platform developed in collaboration with Mitsui & Co., and Ai Workforce, a generative AI solution designed to simplify workflows.
The founder of LayerX, Kaito Fukushima, is an experienced entrepreneur who studied machine learning at the University of Tokyo and founded the news app Gunosy. While working on digital transformation and blockchain projects, Fukushima realized the major bottleneck in Japanese companies' handling of paper invoices, and decided to establish LayerX, dedicated to providing AI-driven solutions.
Despite the wave of digitalization, many Japanese companies still rely on paper and Excel spreadsheets for expense reimbursement and invoice processing. LayerX faces fierce competition from domestic and international competitors, including domestic rivals Money Forward Cloud Keihi and freee, and global competitors such as SAP Concur and Rippling.
The Bakuraku platform of LayerX stands out with its AI-driven user experience, continuously upgrading automation features such as "automatic data entry and document splitting." The company's team includes over 12 former CTOs and one Kaggle Grandmaster, demonstrating its strong technical background.
From 220 employees in October 2023 to 430 employees in July 2025, LayerX has also seen significant growth in the number of customers. It is expected to achieve $68 million in annual recurring revenue by the 2030 fiscal year. The company also plans to increase the number of employees to 1,000 by 2028 and continue expanding its market share.
Key Points:
🌟 LayerX completed a $100 million Series B funding round, which will drive the development of its enterprise back-end automation platform.
📈 The company's Bakuraku platform has provided services to more than 15,000 companies, significantly improving work efficiency.
👥 It is expected that by 2030, LayerX will achieve $68 million in annual recurring revenue and plans to increase the number of employees to 1,000.
