Rillet raises $100M Series C at $1B valuation — 2 years after emerging from stealth
In Brief
1:12 PM PDT · August 19, 2026
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.
Rillet touts more than 600 companies as customers and says it has doubled its ARR in the past three months. Nicolas Kopp, the company’s co-founder and CEO, said on Xthat this latest round came together in “less than 48 hours.” The company wasn’t planning to raise, he said, but interest grew because so much had happened since its last...
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