Stuut Technologies has closed a $29.5 million Series A round to push its autonomous accounts receivable platform deeper into mid-market and enterprise operations. 

The raise, led by Andreessen Horowitz with backing from Activant Capital, Khosla Ventures and several others, brings new board members on deck as the company prepares for a wider commercial sprint.

The funding gives Stuut room to enhance six core functions it already targets, including collections, payments, cash application, deductions, credits and disputes. These are the areas where companies with heavy transaction volumes often struggle the most.

Many still depend on staff who spend long days chasing customer payments, combing through portals and matching records by hand. For some firms, that drag can wipe out up to 5% of EBITDA.

Rather than treating accounts receivable as a set of tools that still rely on humans, Stuut built its platform as a worker that completes each step itself. It reads customer patterns, manages outreach, resolves disputes and pulls information from different systems without waiting for someone to guide it. 

Many firms have promised speed, but Stuut’s assertion is different. The company says it removes manual steps entirely.

Tarek Alaruri, co-founder and chief executive said the underlying technology only recently became possible. “The technology to actually automate this work didn’t exist 18 months ago when we started Stuut,” he said. “We can now handle exceptions and complexity, learn from each interaction, work across disconnected systems, and execute tasks end-to-end. Previous solutions help humans click buttons faster. We eliminate the clicking entirely and are helping brands collect millions more in previously lost revenue.”

The company says implementation takes days rather than the six-month to 18-month rollouts common with older software. Early adopters such as ZoomInfo, Bishop Lifting, Honeywell and PerkinElmer are already using the system, with reported reductions of 40% in overdue balances and cuts of up to 70% in manual workload.

Honeywell’s Head of Quote to Cash, Razvan Bratu, said the impact is immediate. “Stuut is transforming our accounts receivable operations on a daily basis. We’re collecting faster from the in-scope customers, our cash flow is improving, and our team has more time to focus on white gloves service for top customers,” he noted. “The platform handles the routine work so our people drive increased real business value.”

Venture supporters say Stuut Technologies is moving the industry towards fully autonomous financial operations. “Accounts receivable is one of the finance functions still dominated by manual work. Stuut changes that by replacing repetitive AR tasks with software that actually does the work–and does it better,” said Seema Amble of Andreessen Horowitz. She added that the company’s early results show clear returns for clients.

Activant Capital’s Steve Sarracino said this is a good difference in how businesses will run their finance stack. “We backed Stuut because they’re redefining AR as an autonomous system of intelligence that learns, executes, and compounds value over time. This is an exciting move from tool-centric software to results-centric operations.”

With new capital and pressure on companies to speed up cash recovery, Stuut is changing the slow processes and ageing tools in the sector.