Rillet Reels In $100 Million

<p><strong>SAN FRANCISCO  — <&sol;strong>Rillet&comma; an AI-native ERP &lpar;enterprise resource planning&rpar; platform for modern finance teams&comma; has landed a &dollar;100 million Series C led by ICONIQ at a &dollar;1 billion valuation&comma; with participation from Sequoia&comma; Andreessen Horowitz&comma; Sequoia Global Equities&comma; Bain Capital Ventures&comma; Oak HC&sol;FT&comma; Battery Ventures&comma; FirstMark&comma; Scale Venture Partners&comma; and Creandum&period; The round is Rillet’s third in the last year and brings total funding to more than &dollar;200 million&period;<&sol;p>&NewLine;<p>The raise follows a period of rapid growth for the company&period; Rillet says it has doubled new ARR in the last three months and now serves more than 600 customers&comma; including publicly listed enterprises and the fastest growing AI companies of all time&period; After proving its platform for Tech and AI companies&comma; Rillet is rapidly expanding into new verticals including biotech&comma; healthcare&comma; fintech&comma; logistics&comma; professional services and more where large legacy enterprises are replacing Oracle Fusion&comma; SAP&comma; Workday&comma; Microsoft Great Plains&comma; and NetSuite to run their accounting on Rillet&period;<&sol;p>&NewLine;<p>The investment accelerates Rillet’s mission to build the agentic operating layer for finance&colon; the platform where finance professionals and AI agents work together to run the financial operations of a company&period;<&sol;p>&NewLine;<p>With Rillet&comma; the ERP becomes the harness for the modern finance organization&comma; where people and agents share the same financial data&comma; apply the same accounting policies and controls&comma; and work from a single&comma; continuously updated view of the business&period; Agents perform increasingly complex financial work&comma; while finance teams retain visibility&comma; approval authority and a complete audit trail&period;<&sol;p>&NewLine;<p>Rillet is creating an entirely new category of finance infrastructure&period; Legacy ERPs store transactions while the real work happens in spreadsheets and bolt-on tools&comma; and the newest wave of AI products repeats that pattern by layering agents on top of systems that were never designed for them&period; Rillet vertically integrates the stack&colon; structured data flows through native integrations into a real-time general ledger&comma; and AI agents operate directly in that ledger with full context&comma; a complete audit trail&comma; and human approval where necessary&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;For the last two decades&comma; the ERP has been treated as a system of record&comma; a place to store what already happened&period; In the AI era&comma; it has to become the operating layer for what happens next&period; Finance agents need more than access to data&semi; they need to work inside the general ledger&comma;” said Nicolas Kopp&comma; CEO and co-founder of Rillet&period; &OpenCurlyDoubleQuote;Rillet is building that harness&colon; one environment where humans and agents share the same financial truth&comma; divide the work and keep every action auditable&period; The result is a finance function that can operate 24&sol;7 and in real time&period;”<&sol;p>&NewLine;