Valyx, an AI-driven B2B platform for automating revenue and receivables, has secured $800,000 in a pre-seed funding round. The round was co-led by Huddle Ventures and Waveform Ventures, with participation from prominent investors, including Bharat Founders Fund and Propell Fund (the in-house VC fund of LetsVenture, led by Shanti Mohan).

The startup intends to use the funds to attract top talent for its sales team and expand its engineering team to advance its product roadmap. Founded in late 2023, Valyx focuses on automating billing and receivables processes, helping businesses speed up payments, streamline financial closures, and improve cash flow.

Valyx offers a comprehensive suite of features such as rate card management, usage-based billing, collections, cash application, reconciliation, dispute management, and collaborative receivables tracking. By automating these essential yet repetitive tasks, the platform allows finance and sales teams to concentrate on strengthening relationships with customers.

Since its inception, Valyx claims to have processed over Rs 200 crore in accounts receivable.

Based in Bengaluru, Valyx was founded by Avishek Ray and Anirudh Bhargava, who bring extensive experience in revenue automation, receivables management, and business payments. Their background working with leading companies like Stripe, Amazon, SAP, Morgan Stanley, and Deloitte gave them deep insights into the complex challenges finance and sales teams face. This experience inspired them to launch Valyx to address critical financial operations issues.

“At Valyx, we are tackling a significant pain point in financial operations. Many businesses, regardless of their size or complexity, struggle with repetitive and time-consuming tasks involved in managing their revenue and receivables,” said Avishek Ray.

“Our vision is to free finance and sales teams from these daily burdens. We eliminate the need for manual Excel tracking of contracts and usage calculations, repetitive follow-ups, tedious bank statement downloads, and the hassle of sifting through multiple tools, emails, and spreadsheets to identify customers who need attention. Leveraging AI, customizable workflows, and integrations with ERP, payments, and internal systems, Valyx automates the billing and receivables process. Our platform enables businesses to get paid up to 30% faster and close their books more efficiently,” Ray added.

Ishaan Khosla, Partner at Huddle Ventures, commented, “Addressing receivables management unlocks a wide range of opportunities within the cash flow management space for Valyx. Mid-market and enterprise clients are keen to optimize their manual collections workflows with Valyx, and we are excited to be a part of their growth journey from here on.”