Rillet raises $100M Series C at $1B valuation — 2 years after emerging from stealth
AI accounting startup Rillet has raised $100 million in a Series C funding round, reaching a $1 billion valuation. The company plans to use the capital to expand its AI-driven enterprise resource planning software.
Why it matters
This deal highlights the continued investor enthusiasm for AI-driven enterprise software and the potential for startups to disrupt legacy financial systems.
AI accounting startup Rillet announced a $100 million Series C at a $1 billion valuation on Tuesday, led by Iconiq . Returning investors included Andreessen Horowitz and Sequoia. Rillet, which emerged from stealth in 2024, is quickly becoming one of the hottest AI startups in the enterprise resource planning (ERP) industry.
The company’s software deploys AI to help finance professionals manage a company’s books. It says it can, for instance, automatically and continuously pull data from sources like Salesforce or Brex.
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