Browsing: Rillet

AI-native accounting startup Rillet just raised $100 million in Series C funding.

In what might be the fastest path to unicorn status this year, AI accounting startup Rillet just closed a $100 million funding round in 48 hours without even trying. CEO Nicholas Koop simply shared growth metrics during a routine board meeting, and before the week ended, Iconiq Capital and Sequoia Capital were leading a round…

Rillet co-founder and CEO Nicholas Koop seems justifiably confident as we talk over Zoom a day after his company announced a $100 million raise at a $1 billion valuation. The US has has a shortage of accountants right now, which is driving growth of his AI-native accounting platform so much, he raised that cash in…

San Francisco-based Rillet has raised $100 million in Series C financing led by Iconiq, with participation from Sequoia, Andreessen Horowitz, Sequoia Global Equities, Bain Capital Ventures, Oak HC/FT, Battery Ventures, FirstMark, Scale Venture Partners, and Creandum. So far, the financial software company has raised more than $200 million in capital, as it seeks to expand…

AI accounting startup Rillet announced a $100 million Series C at a $1 billion valuation on Tuesday, led by Iconiq. Returning investors include 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. 

Rillet, a two-year-old startup building what it calls the first truly AI-native accounting platform, has raised a $100 million Series C at a $1 billion valuation, the company told Fortune exclusively—joining the ranks of AI-era unicorns racing to unseat decades-old enterprise software giants.