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 platform 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.
