#series-b-funding

#series-b-funding

The startup, headed by former Oculus co-founder and CEO Brendan Iribe and Ankit Kumar, former CTO of AR startup Ubiquity6, is working to create a personal AI agent that interacts with users using a natural-sounding human voice. The company plans to embed the personal AI agent into lightweight eyewear that is designed to be worn throughout the day and which users can interact with via voice.

Qapita began as a platform to manage cap tables after Ravulaparthi, during his earlier banking career, noticed that many companies still relied on spreadsheets. When the startup launched in January 2021, it expanded the platform based on early customer feedback to include an equity management tool for employee stock plans, initially released in beta. Competitor Carta later entered the Indian market but exited in 2023, giving Qapita room to strengthen its position.

Legacy FP&A tools force finance professionals into rigid systems that require months of implementation, depend heavily on IT resources, and pull teams away from the spreadsheets they know and trust. Aleph addresses these challenges with an AI-native FP&A platform that connects finance teams directly to their data through familiar Excel and Google Sheets interfaces, eliminating 90% of manual reporting tasks while maintaining the flexibility and control that finance teams demand.

Aging demographics, labor shortages, the adoption of GenAI, and the 2023 implementation of e-invoicing are driving companies to automate finance, tax, procurement, and HR in Japan. Yet only 16% of digital transformations succeed, and that's only 4-11% in traditional industries. The main barriers? Weak leadership commitment, a rigid culture, and a lack of digital talent. LayerX offers an AI SaaS platform to help enterprises scale back-office automation.

Amazon, it has a lot of strategic value for us. We do appreciate the relationship more than the money.