Hey there, tech enthusiasts! Nuked here, ready to serve some exciting news about how AI is transforming enterprise workflows.

LayerX, a Japanese startup, has just secured a massive $100 million in Series B funding, led by U.S.-based TCV. This marks one of the largest raises for a company of its age in Japan. Known for its AI SaaS platform, LayerX specializes in back-office automation, helping companies ditch paper invoices and manual processes.

The company’s flagship product, Bakuraku, automates expense management, invoice handling, and corporate card operations for over 15,000 firms. They also have Alterna, a digital securities platform, and Ai Workforce, which leverages generative AI to streamline workflows and analyze enterprise data.

Founded in 2018 by Yoshinori Fukushima — a serial entrepreneur and machine learning expert — LayerX emerged from a project to digitize Japan’s paper-heavy invoice processes. Its AI-driven platform quickly gained traction, partnering with big names like Mitsubishi UFJ Financial Group. Despite the digital push, many Japanese companies still rely on paperwork, but LayerX’s innovative solutions are changing that.

The company’s platform, Bakuraku, offers features like automated expense entries, document splitting, and AI agents for processing tasks, all in one seamless interface. In addition to domestic competitors like Money Forward and freee, LayerX faces rivals globally such as SAP Concur and Ramp. Their AI Workforce also targets players like Harvey.

Growth has been rapid—LayerX has grown from 220 to about 430 employees and surpassed 15,000 users, aiming for ¥10 billion ($68 million) in annual recurring revenue faster than any other Japanese SaaS. They plan to reach roughly $680 million by 2030, with half coming from AI-driven services, and to expand their team to 1,000 by 2028.

The startup is distinguished by its AI-native experience, continuous automation upgrades, and a team comprising former CTOs and a Kaggle Grandmaster. Their all-in-one platform simplifies expense tracking, invoice management, and HR workflows, really easing corporate burdens.

Yoshinori Fukushima and CTO Yuki Matsumoto lead the company, whose core product, Bakuraku Suite, has seen significant adoption. Their success story signifies Japan’s digital transformation journey despite existing hurdles like leadership commitment and digital talent shortages.

In summary, LayerX is not just another SaaS provider—it’s pioneering back-office automation with AI, securing substantial investments, and transforming Japanese enterprise workflows one invoice at a time.