Stuut, which uses AI agents to automate enterprise order-to-cash cycles and serves 150+ clients, raised a $52.5M Series B led by Insight, for $93M total funding (Mike Wheatley/SiliconANGLE)
Artificial intelligence companies that can help even bigger companies to get paid are likely to make a fair bit of money themselves …
Stuut, a company that uses AI agents to automate enterprise order-to-cash cycles, has raised $52.5 million in a Series B funding round led by Insight Partners. This brings the company's total funding to $93 million. According to SiliconANGLE, Stuut serves over 150 clients and aims to fix a broken order-to-cash process that can result in significant revenue loss for enterprises.
The order-to-cash process can be prone to errors, such as missing purchase orders or bad data, which can lead to a loss of up to 5% of an enterprise's revenue annually. This translates to over $1 trillion in lost revenue for the Fortune 500 each year. Stuut's AI agents aim to automate this process and help companies recover this lost revenue.
The funding round also saw participation from Andreessen Horowitz and Microsoft Corp.'s M12, indicating confidence in Stuut's potential to make a significant impact in the industry.
Brief written by urgent.news from Techmeme, SiliconANGLE, TechRadar — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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