欧博官网LayerX Secures $100M Series B to Expand AI
TOKYO — LayerX, a Japanese AI SaaS startup specializing in enterprise back-office automation, has raised $100 million in a Series B funding round led by Technology Cross Ventures (TCV). This investment marks the U.S. venture fund’s first investment in a Japanese startup and brings LayerX’s total funding to $192.2 million.
The company declined to disclose its current valuation but confirmed that both the valuation and round size rank among the largest ever for a seven-year-old Japanese startup at the Series B stage. Other participants in the round included MUFG Bank, Mitsubishi UFJ Innovation Partners, JAFCO Group, Keyrock Capital, Coreline Venture, and JP Investment.
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Founded in 2018 by serial entrepreneur Yoshinori Fukushima, who previously launched and listed news app Gunosy on the Tokyo Stock Exchange, LayerX addresses critical bottlenecks in Japan’s enterprise workflows. The company emerged from one of Fukushima’s digital transformation and blockchain projects after identifying paper-based invoice processing as a significant pain point for Japanese businesses.
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LayerX’s flagship platform, Bakuraku, automates corporate spending workflows including expense management, invoice processing, and corporate card operations for more than 15,000 companies. The company also operates Alterna, a retail digital securities investment platform developed with Mitsui & Co., and Ai Workforce, a generative AI solution designed to streamline workflows and harness enterprise data.
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Despite widespread digitalization efforts, many Japanese companies still rely on paper and Excel for expense reimbursements and invoice processing, according to Fukushima. The CEO noted that while only 16% of digital transformations succeed globally, that number drops to 4-11% in traditional industries due to weak leadership commitment, rigid culture, and lack of digital talent.
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Bakuraku differentiates itself through an AI-driven user experience, continuously upgrading automation features like “auto-entry and document splitting” while investing in AI agents and AI-enabled business process outsourcing. The company boasts a technical team including more than 12 former CTOs and a Kaggle Grandmaster.
The Series B funding comes less than two years after the company’s Series A round in November 2023. LayerX has demonstrated remarkable growth, increasing its customer base from 10,000 in February 2024 to 15,000 by April 2025 while expanding its workforce from 220 employees in October 2023 to approximately 430 by July 2025.
The company claims it is on track to reach $68 million (¥10 billion) in revenue faster than any SaaS company in Japan’s history, achieving the T2D3 growth benchmark ahead of schedule. Current clients include Mitsui & Co., MUFG Bank, Ippudo, IRIS Ohyama, the Imperial Hotel, and Sekisui Chemical.
Looking ahead, LayerX targets approximately $680 million (¥100 billion) in annual recurring revenue by fiscal year 2030, with roughly half expected to come from its AI agent business. The company also plans to expand its workforce to around 1,000 employees by 2028.