LayerX Lands $100M Series B for AI Back-Office Automation

LayerX, a Japanese AI SaaS startup, secured $100 million in Series B funding. Technology Cross Ventures (TCV) led this Series B funding round.

The company develops AI-driven solutions for finance, tax, procurement, and HR. Its flagship Bakuraku platform automates corporate spending workflows. This includes expense management and invoice processing for over 15,000 companies.

Driving Enterprise Efficiency with AI

Additional investors included MUFG Bank, Mitsubishi UFJ Innovation Partners, JAFCO Group, Keyrock Capital, Coreline Venture, and JP Investment. This Series B funding round brings LayerX's total capital raised to $192.2 million. The funding marks TCV's first investment in a Japanese startup.

LayerX also offers Alterna, a digital securities investment platform, and Ai Workforce, a generative AI solution. Ai Workforce streamlines workflows and leverages enterprise data. The company competes with global players like SAP Concur and Rippling. Domestically, it faces rivals such as Money Forward Cloud Keihi.

LayerX's headcount grew to 430 employees by July 2025. The company's rapid expansion, including its Bakuraku platform serving over 15,000 companies, underpins this LayerX Series B funding. LayerX aims for $680 million in annual recurring revenue by fiscal year 2030. Furthermore, it plans to expand its workforce to 1,000 employees by 2028, focusing on enterprise automation.