Stuut raises a $52.5M Series B led by Insight Partners, ten months after its Series A

Stuut has raised a $52.5 million Series B led by Insight Partners, with Andreessen Horowitz, M12 (Microsoft's venture arm) and Activant participating. It comes ten months after a $29.5 million Series A led by a16z.

The New York company, led by CEO Tarek Alaruri, builds an AI coworker for enterprise order-to-cash: order management, credit, collections, payments, cash application, disputes and deductions in one system, plugged into existing ERPs and working within their approvals and controls.

Stuut says more than 150 businesses use the platform, including Fortune 50 and Fortune 500 companies, and over $3 billion has been processed through it. Customers report a 47% cut in days sales outstanding. In August Fiserv embedded Stuut's agent into SnapPay, its order-to-cash product. The new capital pushes it further into credit, lending and fund movement around B2B transactions.