LayerX, a Tokyo-based AI SaaS company founded seven years ago, has raised $100 million in Series B funding to expand its suite of enterprise automation tools. The round was led by U.S. investment firm Technology Cross Ventures (TCV), marking the firm’s first major deal in Japan. Other backers included MUFG Bank, Mitsubishi UFJ Innovation Partners, JAFCO Group, Keyrock Capital, Coreline Venture, and JP Investment.
This brings LayerX’s total funding to more than $190 million. The company’s flagship platform, Bakuraku, automates back-office tasks like expense tracking, invoicing, and corporate card management, and is already in use by over 15,000 businesses. Other products include Alterna, a digital securities platform built with Mitsui & Co., and Ai Workforce, which applies generative AI to streamline enterprise workflows.
Related: Framer Hits $2B Valuation With Series D
LayerX has been scaling rapidly, doubling its workforce from around 220 in 2023 to over 430 employees in 2025. The startup is on track to hit $68 million in annual recurring revenue, with long-term ambitions of reaching $680 million by 2030 and growing its headcount to 1,000 by 2028.
The funding underscores growing momentum for AI-driven automation in Japan, where aging demographics, labor shortages, and new e-invoicing rules are pushing companies toward digital transformation.
However, only a small share of such projects in the country have historically succeeded. By targeting inefficiencies in finance, HR, tax, and procurement, LayerX is positioning itself as a leading force in overcoming those barriers and modernizing enterprise operations.
