Valyx, a Bengaluru-based AI-powered platform specializing in B2B revenue and receivables automation, has successfully raised $800,000 in a pre-seed funding round. The investment was co-led by Huddle Ventures and Waveform Ventures, with participation from Bharat Founders Fund and Propell Fund. This funding will be instrumental in expanding Valyx’s team and accelerating its product roadmap, aiming to manage $1 billion in receivables within the next 18-24 months.
Revolutionizing B2B Revenue Management
Valyx was founded in late 2023 with a mission to automate billing and optimize cash flow cycles for businesses. The platform offers a comprehensive suite of services, including rate card management, usage-based billing, collections, cash application, reconciliation, dispute management, and collaborative receivables tracking. By automating these processes, Valyx helps businesses eliminate the need for manual data entry and follow-ups, freeing up valuable time and resources.
The co-founders, Avishek Ray and Anirudh Bhargava, bring a wealth of experience from their previous roles at companies like Stripe, Amazon, SAP, Morgan Stanley, and Deloitte. Their vision is to evolve Valyx into a full-stack AI-powered revenue management platform that not only automates billing and accelerates receivables but also optimizes the entire cash flow cycle for businesses.
Strategic Use of Funds
The $800,000 raised in the pre-seed round will be used to attract and onboard new talent for Valyx’s sales and engineering teams. This strategic investment will enable the company to accelerate its product development and expand its market reach. The immediate focus is on team building and enhancing the platform’s capabilities to handle larger volumes of transactions and more complex financial operations.
Valyx aims to manage $1 billion in receivables within the next 18-24 months, a significant milestone that will position the company as a leader in the B2B revenue and receivables automation space. The funds will also be used to enhance the platform’s AI capabilities, making it more efficient and user-friendly for businesses of all sizes.
Future Prospects and Vision
Looking ahead, Valyx plans to build a full-stack AI-powered revenue management platform that includes B2B payments and financing. The company envisions a future where businesses can rely on Valyx for all their revenue management needs, from billing and collections to cash flow optimization and financial planning. This holistic approach sets Valyx apart from other B2B receivables automation platforms, offering a comprehensive solution to the challenges faced by finance and sales teams.
The startup has already processed over Rs 200 crore in accounts receivables, demonstrating the effectiveness of its platform. By continuing to innovate and expand its offerings, Valyx is well-positioned to become a key player in the B2B financial management space.
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