Rillet raises $100mn at a $1bn valuation to put AI agents inside the general ledger
Rillet, a startup that rebuilds corporate accounting around AI, has raised $100mn at a $1bn valuation, making it the latest AI unicorn. ICONIQ led the Series C, the company told Fortune in an exclusive. Nick Lichtenberg reported the deal. It is Rillet’s third raise in 14 months.
The backers are a roll-call of AI investors. Returning shareholders Sequoia, Andreessen Horowitz and Oak HC/FT joined, Rillet said. New investors include Bain Capital Ventures, Battery Ventures, FirstMark, Scale Venture Partners and Creandum. The round takes total funding past $200mn, and ICONIQ general partner Seth Pierrepont is joining the board.
Rebuilding the general ledger
Rillet sells what it calls an AI-native ERP, the enterprise software that runs a company’s finances. Nicolas Kopp and Stelios Modes founded it in 2021, and it launched publicly in August 2024, Tech Funding News reported. Modes, the chief technology officer, previously ran the German neobank N26...
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