Today, Stuut Technologies , the first AI platform to automate accounts receivable work end-to-end, announced a $29.5 million Series A raise led by Andreessen Horowitz, with additional backing from Activant Capital, Khosla Ventures, 1984.vc, Page One Ventures, Vesey Ventures, Carya Venture Partners, and Valley Ventures.
The investment will expand Stuut’s capabilities for mid-market and enterprise businesses, accelerating the rollout of six key revenue functions: collections, payments, cash application, deductions,
credits, and disputes. Retail Headwinds Created a Perfect Storm Retailers know the pain of chasing customers, logging into payment portals, and manually matching payments, which can cost up to 5% of EBITDA every year.
For brands and sellers managing large customer lists, complex volumes, and fast inventory turns, the inefficiencies add up quickly.
Even with years of digital transformation, most AR solutions still leave humans doing the heavy lifting, acting as little more than glorified workarounds. [html5_video id=61464] AI That Works For Retailers—Not Just With Them Stuut calls itself “the AI coworker that knows every customer across your entire cash process, helping businesses collect 40% more revenue on time.” Unlike legacy receivables software requiring months to launch and non-stop human input, Stuut’s platform executes full AR workflows solo, integrating cleanly with leading ERPs in less than a week. “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…
