Stuut Raises $29.5 Million for AI-Powered Accounts Receivable Automation Platform
Stuut Technologies raised $29.5 million in a Series A funding round to accelerate the product development of its artificial intelligence platform that automates accounts receivable (AR) work.
The company will use the new funding to expand its autonomous AR capabilities for mid-market and enterprise companies across collections, payments, cash application, deductions, credits and disputes, according to a Thursday (Nov. 20) press release.
“The technology to actually automate this work didn’t exist 18 months ago when we started Stuut,” Stuut CEO and co-founder Tarek Alaruri said in the release. “We can now handle exceptions and complexity, learn from each interaction, work across disconnected systems and execute tasks end-to-end.”
With Stuut’s platform, AI handles customer outreach, payment matching, dispute resolution and portal management autonomously, according to the release.
Because context travels across collections, payments, cash application and deductions, the AI platform remembers every customer interaction, gets smarter and applies learning to future decisions across the entire process, the release said.
Customers using the platform have seen a 40% reduction in overdue balances and a 70% reduction in manual tasks, per the release.
Seema Amble, partner at Andreessen Horowitz, which led the funding round, said in the release that AR functions tend to be dominated by manual work.
“Stuut changes that by replacing repetitive AR tasks with software that actually does the work—and does it better,” Amble said. “Their collections wedge has already delivered clear [return on investment] and the opportunity to capture large [annual contract value] as enterprises shift labor spend into software is enormous.”
The PYMNTS report “From Friction to Flow: AR Automation in 2025” found that 35% of mid-sized firms rely entirely on manual AR processes, and this reliance creates operational challenges.
Challenges include cash flow and revenue forecasting issues, increased risk of bad debt and strained B2B partner relationships, according to the report.
Meanwhile, accounting automation platform Maxima said Tuesday (Nov. 18) that it raised $41 million in seed and Series A funding to help bolster its offering, which uses AI agents to subtract “repetitive grunt work” from accounting.
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