Stuut, a provider of AI-driven order-to-cash automation software, has secured $52.5 million in a Series B funding round. The investment was led by Insight Partners, with participation from Andreessen Horowitz, M12 (Microsoft's Venture Fund), and Activant. This latest round follows a Series A funding ten months prior and brings the company's total capital raised to $93 million.
The platform functions as an AI coworker that integrates with existing ERP systems to manage order processing, collections, payments, and disputes. Stuut reports that over 150 companies, including Honeywell, ZoomInfo, and PerkinElmer, utilize the software. Clients have observed up to 40 percent improvement in cash flow and a 47 percent reduction in Days Sales Outstanding (DSO).
To date, more than $3 billion has been processed through the Stuut platform. The company plans to utilize the new capital to expand its operations across the full order-to-cash lifecycle and enhance its autonomous capabilities for handling complex financial exceptions. The firm aims to eventually support credit, lending, and fund movement services for enterprise clients.
