Stuut Technologies Raises $29.5 Million to Expand AI Accounts Receivable Automation
Stuut Technologies has raised $29.5 million in Series A funding led by Andreessen Horowitz (a16z), with participation from Activant Capital, Khosla Ventures, and others, announced in a press release. Seema Amble from Andreessen Horowitz and Steve Sarracino from Activant Capital will join Stuut’s board.
The funding will accelerate product development and expand Stuut’s autonomous accounts receivable platform across six functions: collections, payments, cash application, deductions, credits, and disputes. The company’s AI system independently manages customer outreach, payment matching, and dispute resolution, integrating with ERP systems such as SAP, Oracle, and NetSuite in under a week.
Stuut reports that its platform reduces overdue balances by 40% and manual tasks by 70%, helping clients like ZoomInfo, Honeywell, and PerkinElmer improve cash collection and efficiency. The company aims to extend its automation capabilities to more enterprise clients in manufacturing, logistics, and other high-transaction industries.
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