Stuut cashes in on agentic order-to-cash automation with $52.5M in funding

Stuut Inc., an artificial intelligence startup, has secured $52.5 million in funding for its order-to-cash automation solution. This brings its total funding to $93 million since its inception. The Series B round, led by Insight Partners, was joined by investments from Andreessen Horowitz and Microsoft Corp.'s M12. The investment is driven by Stuut's potential to generate significant revenue for both the company and its investors.

Stuut is addressing a critical issue in business operations - getting paid by customers and clients. It claims its solution can recover up to 5% of an enterprise's revenue each year, which amounts to over $1 trillion annually for the Fortune 500. The problem lies in the order-to-cash process, which often breaks down due to errors such as missing purchase orders, inaccurate data, or invoices sent to the wrong recipients. This leads to finance departments spending thousands of hours manually chasing down payments.

Stuut's AI agents automate the entire order-to-cash cycle, from order management to invoicing, credit, collections, cash applications, and payments. The platform integrates with existing enterprise resource planning and customer relationship management systems, eliminating the need for customers to switch software. Its AI learns each customer's payment behavior and portal quirks, enabling it to automatically recover missing payments.

The startup claims its solution can reduce days sales outstanding by 47%, process payments 95% of the time automatically, and decrease outbound collection efforts by 81%. Stuut's customer base has grown fivefold in the past year, processing over $3 billion in payments. Notable clients include Verifone Inc., Bishop Lifting Products Inc., and ZoomInfo Technologies LLC.

With the latest funding, Stuut plans to expand into credit scoring, lending, and automated fund movement services, aiming to manage businesses' entire transaction processes.