Stuut Raises $52.5M to Automate Enterprise Order-to-Cash

One missing purchase order can turn a finished sale into a queue of emails, portal checks, partial payments, and reconciliations. The product has been delivered and revenue has been booked, but the cash is still waiting for several systems and several people to agree on what happened.

Stuut has raised a $52.5M Series B to automate more of that work. Insight Partners led the round, with Andreessen Horowitz and M12, Microsoft's Venture Fund, participating. Stuut says the financing brings its total funding to $93M and will support expansion across the order-to-cash process, from the moment an enterprise accepts an order until the payment is matched and applied.

The round matters because enterprise AI is moving into workflows where a bad action can delay revenue, damage a customer relationship, or create an audit problem. Stuut is betting that an agent can execute those workflows inside the systems and controls finance teams already use, while leaving people to handle the exceptions that require judgment.

What Stuut Announced

The $52.5M Series B was announced on October 7, 2026, 10 months after Stuut disclosed $29.5M in combined Series A funding. Insight Partners led the new round. Andreessen Horowitz, which led the Series A, and M12 also participated.

Stuut reports more than 150 customers, including Fortune 50 and Fortune 500 companies, and says its customer base has grown 5x over the past year. The company also reports more than $3B moved through its platform and growth above 90% quarter over quarter. Those figures are company-reported rather than independently audited, but they show why the investors are looking beyond another accounts-receivable dashboard.

The capital accounting requires one careful distinction. A September 16 SEC Form D reports that Stuut, Inc. sold $67,597,673 of equity to 11 investors, with the first sale on September 3. The filing does not identify the offering as a Series B or name its investors, and public sources do not reconcile that amount with the company's $52.5M announcement. DevCuration is treating $52.5M as the announced Series B and preserving the Form D as a separate, unresolved disclosure.

Why Order-to-Cash Still Needs People

Accounts receivable looks simple from far away: send the invoice, wait for payment, and match the money when it arrives. At enterprise scale, a missing purchase order, pricing disagreement, damaged shipment, wrong legal entity, portal requirement, or incomplete remittance can pull finance, sales, operations, and the customer into the same investigation.

Traditional software records those events, prioritizes accounts, and routes tasks. The remaining work still lands with people who send follow-ups, enter customer portals, interpret deductions, find supporting documents, match bank activity, and decide when an exception needs escalation. That manual handoff is the market Stuut is trying to absorb.

Tarek Alaruri, co-founder and CEO, previously encountered the problem while working in logistics and later co-founding procurement company Fairmarkit. Ben Winter, Stuut's co-founder and COO, works across operations, product, and go-to-market. CTO Mek Stittri is responsible for scaling the engineering foundation as the product moves further into enterprise financial workflows.

How Stuut Executes the Work

Stuut describes its product as an AI coworker for order-to-cash. The platform covers order management, credit, collections, payments, cash application, disputes, and deductions. It communicates with customers by email, SMS, and voice, logs into accounts-payable portals, reads remittance information, matches payments, and carries context from one stage of a transaction into the next.

The product connects to SAP, Oracle, NetSuite, Microsoft Dynamics 365, Sage, CRMs, bank feeds, lockboxes, and payment gateways. Stuut says it sits alongside an existing ERP instead of requiring a replacement. Its cash-application product page displays SOC 2 Type II, GDPR, AES-256, SSO/SAML, and HIPAA capabilities and says most customers can go live in 3 to 4 days.

Stuut reports that 81.7% of outbound collections activity runs without human involvement and 95% of incoming payments are matched automatically. The company says customers free up as much as 40% more cash flow and reduce days sales outstanding by 47%. The useful interpretation is not that every exception has disappeared; it is that the system is taking on a larger share of repetitive execution while preserving an escalation path and audit trail.

The Customer Evidence Behind the Round

Stuut names Honeywell, ZoomInfo, Verifone, PerkinElmer, and Bishop Lifting among its customers. The company says Bishop Lifting reduced overdue receivables by 35% and freed $3M in working capital across 45 branches. ZoomInfo says Stuut collected $21.2M and reduced time to first touch by more than 90%, while Stuut contributed alongside other AR initiatives to DSO improving from 51 to 40 days.

The company has also been building distribution around the product. A September relationship with Microsoft combined an M12 investment with availability through Microsoft Marketplace and acceptance into the Microsoft for Startups Pegasus Program. An August partnership with Fiserv connected Stuut's automation to Commerce Hub and SnapPay for eligible enterprise customers.

These relationships matter because enterprise financial software is bought through trust, integration, and procurement as much as product capability. Marketplace access can shorten purchasing. Payment infrastructure can move Stuut closer to the transaction. Customer results give finance leaders a concrete operating case to evaluate.

What the Series B Changes

Stuut says it will use the capital to meet customer demand and move deeper into the financial infrastructure surrounding a transaction, including credit, lending, and movement of funds. That expands the product from chasing an overdue invoice toward carrying an order through every decision, document, exception, and payment before the cash reaches the bank.

The broader market signal is that enterprise AI is being asked to do more than suggest the next action. Finance buyers are evaluating whether an agent can execute inside existing controls, explain what it did, and learn from an exception without turning every deployment into a custom services project.

That standard gets harder as Stuut moves upstream. Collections can begin after an invoice exists. Order management and credit introduce decisions that affect whether a transaction should happen and on what terms. Payments and cash application place the software closer to the money itself.

Insight Partners is financing that expansion, but the product will earn it one exception at a time. The disputed deduction, incorrect entity, missing delivery document, and customer that needs a human conversation are where the platform's memory and controls become more valuable than another screen of aging balances. Stuut now has more capital to follow those transactions, and enterprise finance teams will decide how much of the path they are willing to let an agent carry.