Stuut Raises $29.5M for AI Account Receivable Automation
Stuut Secures $29.5 Million to Boost AI Accounts Receivable Automation
Funding Round at a Glance
Stuut Technologies has successfully raised $29.5 million in Series A funding, aiming to enhance and advance its artificial intelligence-powered platform designed to automate accounts receivable (AR) operations. The company plans to use the new capital to broaden its autonomous AR features for mid-market and enterprise customers, streamlining tasks including collections, payments, cash applications, deductions, credits, and dispute management.
What Stuut’s AR automation covers
- Collections and customer outreach
- Payments and cash application
- Deductions, credits, and dispute management
- Portal management and reconciliation
How the AI Works
Tarek Alaruri, CEO and co-founder of Stuut, emphasized that viable automation technology for these complex financial tasks was not available just a year and a half ago. However, Stuut’s solution now leverages AI to address exceptions, learn from interactions, operate across various systems, and complete AR processes end-to-end.
The platform automates customer outreach, payment reconciliation, dispute resolution, and portal management, allowing the AI system to remember and learn from each customer engagement. This approach enables continual improvement and more effective decision-making throughout the AR cycle.
Impact and ROI
Clients utilizing the Stuut platform have experienced:
- A 40% drop in overdue receivables
- A 70% decrease in manual processes
Seema Amble, a partner at Andreessen Horowitz—the firm that led the funding round—noted that AR workflows are often bogged down by manual labor and highlighted Stuut’s capability to both replace and outperform traditional human tasks. She pointed out the strong return on investment generated so far and the significant potential for businesses to shift spending from labor to software solutions.
Market Context
A PYMNTS report found that 35% of medium-sized companies still rely solely on manual AR processes, leading to challenges like poor cash flow forecasting, increased risk of bad debt, and strained business partnerships. The trend toward automation is accelerating, with other companies in the sector also attracting investment.
Maxima, another AI-driven accounting automation platform, recently secured $41 million through seed and Series A funding to advance its solution that cuts routine manual work from accounting operations.
Why it matters
Stuut’s funding and evolving technology reflect growing demand for autonomous financial processes, aiming to improve business efficiency and reduce operational friction. As companies seek to digitize and automate their financial workflows, platforms like Stuut’s are set to play a pivotal role in transforming AR management.
Bottom Line
With $29.5 million in new funding and demonstrable customer results, Stuut is positioned to accelerate enterprise-grade AR automation—reducing manual effort, improving cash flow, and setting a new standard for end-to-end receivables operations.
