Growing demographicsLack of labor, Adoption Genai, and 2023 Implementation of e-points In Japan, companies are running companies to automate finance, tax, procurement and HR. As yet Only 16% of digital changes are successful, And this is only 4–11% in traditional industries. The main obstacles? Weak leadership commitment, a rigorous culture and lack of digital talent. Larex The AI Saas provides platforms to help enterprises in back-office automation.
LarexA Japanese AI mother-in-law startups that enable businesses to cut back-office workloads, marking the first investment of the US fund in a Japanese startup, collecting $ 100 million in a series B round under the leadership of Technology Cross Ventures (TCV).
The company refused to disclose its evaluation, but said that both evaluation and round size are the largest raised by the seven -year -old Japanese startup on the series B stage. MUFG Bank, Mitsubishi UFJ Innovation Partners, Jafco Group, Keyrock Capital, Corleine Venture and other investors including JP Investment also joined the series B round, in total, increased by $ 192.2 million.
Major offerings of the startup include Bakurku, a platform that automatically automatically spends corporate spending workflows, covering expenditure management, challan processing and corporate card operations – for more than 15,000 companies; A retail digital securities investment forum developed in partnership with Mitsui & Co., Alterna; And AI Workforce, a common AI solution designed to streamline workflows and harness enterprise data.
Established in 2018 by serial Entrepreneur Yoshinori Fukushima, who studied machine learning at the University of Tokyo and first launched the news app Ganosi, which was later listed on the Tokyo Stock Exchange, LERX turned out to be out of one of its digital transformation (DX) and blockchain projects.
The founder launched the LAREX after identifying an important bottleneck in Japanese’s Enterprise Workflows: Paper-based invoice processing. This insight inspired the team to pive the mother-in-law with their AI-powered platform, Bakurku, Fukushima told Tekkrench that the platform’s AI-indestion user experience quickly received traction, which helps to secure the legend, including MUFG, or Mitsubishi UFJ financial groups, and its latest finance.
Despite a wave of digitization, many Japanese companies still rely on paper and rely on Excel for expenditure reimbursement and invoice processing, the CEO continued. Domestic, the Startup Money Forward Cloud competes with Cahi, Free and Rakurku Sesson. Globally, its rivals include SAP Concur, Rippling, Brex, Ramp, Spandesk and Airbase. In the AI Workforce Space, it faces competition from Harvey, Fukushima said.
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Bakuraku distinguishes itself with AI-operated user experience. The company continuously upgrade automation facilities such as “auto-entry and document splitting”, while AI-AI-ACs also invests in business processing outsourcing (BPO). Its team includes “more than 12 pre -CTOs and a Kagal Grandmaster.” Fukushima stated that Bakurku provides a broad, integrated platform, which includes “expenditure management, invoices processing, corporate cards, workflows, e-ligger compliance, appearance and equal-one solution.
The seven -year -old company said the startup has shut down its series B funding in less than two years after achieving its series A in November 2023. Its signature forum, Bakurku suit, has seen significant growth.
The CEO said, “We passed 10,000 customers in February 2024 and reached 15,000 by April 2025, with more venture customers coming on board.” “Headcount has also increased from about 220 employees to about 430 by the end of July 2025 in October 2023.”
According to the LARX company, rapidly compared to any mother -in -law in Japan’s history is on track to reach $ 68 million equal to 10 billion. “Development is known as benchmark T2D3 The schedule was achieved before, and we expect to cross the previous domestic record, which took eight years from the product launch, in less than five years, ”Fukushima said.
The AI Workforce counted Mitsui & Co. and MUFG Bank among its customers, while Bakurku served customers such as Ippudo, Iris Ohyama, Imperial Hotel and Sexyi Chemical.
Given further, the company targets approximately $ 680 million () 100 billion in annual recurring revenue by the financial year 2030, with about half of its AI agent expected to come from business. It plans to increase its workforce up to about 1,000 employees by 2028.
