LayerX Secures $100M to Enhance AI Back-Office Automation
LayerX, a Japanese AI SaaS startup, has raised $100 million in a Series B funding round led by Technology Cross Ventures. This marks the U.S. fund's first investment in a Japanese startup. The funding round also saw participation from other investors, including MUFG Bank, Mitsubishi UFJ Innovation Partners, and JAFCO Group, bringing the total capital raised by LayerX to $192.2 million.
Founded in 2018 by Yoshinori Fukushima, LayerX focuses on automating back-office operations in finance, tax, procurement, and HR. Its flagship platform, Bakuraku, automates corporate spending workflows, including expense management, invoice processing, and corporate card operations, serving over 15,000 companies. The company also offers Alterna, a digital securities investment platform, and Ai Workforce, a generative AI solution for streamlining workflows.
LayerX has experienced rapid growth, increasing its customer base from 10,000 in February 2024 to 15,000 by April 2025, and nearly doubling its headcount from 220 in October 2023 to approximately 430 by the end of July 2025. The company aims to achieve $68 million in revenue faster than any SaaS company in Japan's history, with plans to reach approximately $680 million in annual recurring revenue by fiscal year 2030.
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