Browsing: unicorn

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

A mentor and his student from UC Berkeley teamed up to start a business, and the startup has completed 11 consecutive rounds of financing.

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…

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…

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.

Another European fintech has joined the unicorn ranks. Berlin-based Moss has raised €30m in a Series C round that values the spend-management company at more than €1bn.