Stuut Technologies aim to accelerate product development and expand its autonomous account receivable capabilities.
Stuut Technologies, the AI platform that automates accounts receivable work for companies, announced it has raised US$29.5 million in combined Series A funding led by Andreessen Horowitz.
The funding will accelerate product development and expand Stuut’s autonomous account receivable capabilities for mid-market and enterprise companies across key functionalities like collections, payments, and cash application.
“The technology to actually automate this work didn’t exist 18 months ago when we started Stuut,” said Tarek Alaruri, CEO and co-founder. “We can now handle exceptions and complexity, learn from each interaction, work across disconnected systems, and execute tasks end-to-end. Previous solutions help humans click buttons faster. We eliminate the clicking entirely and are helping brands collect millions more in previously lost revenue.”
“Stuut is transforming our accounts receivable operations on a daily basis. We’re collecting faster from the in-scope customers, our cash flow is improving, and our team has more time to focus on white gloves service for top customers,” said Razvan Bratu, Head of Quote to Cash at Honeywell.
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