Stuut Technologies, a NYC-based AI platform that automates accounts receivable work for companies, raised $29.5m in combined Series A funding.

The round was led by Andreessen Horowitz, with participation from Activant Capital, Khosla Ventures, 1984.vc, Page One Ventures, Vesey Ventures, Carya Venture Partners, and Valley Ventures. Seema Amble from Andreessen Horowitz and Steve Sarracino from Activant Capital will join the board.

The company intends to use the funds to accelerate product development and expand its autonomous account receivable capabilities for mid-market and enterprise companies across six key functionalities: collections, payments, cash application, deductions, credits, and disputes.

Founded by Tarek Alaruri, Miraj Mohsin, and Ben Winter, Stuut Technologies provides autonomous AI agents that handle collections, cash application, payments, and deductions, learning each customer’s patterns while integrating with existing ERP systems.

Stuut integrates with SAP, Oracle, NetSuite, Dynamics, and other major financial systems and works for international businesses.

Customers include ZoomInfo, Bishop Lifting, Honeywell, and PerkinElmer.
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