What does Rillet do?
Rillet provides an AI-native enterprise resource planning platform that helps customers close their books in hours instead of weeks by automating key accounting workflows and integrating with tools like Salesforce, Stripe, Ramp, Brex, and Rippling.
How much did they raise?
The company raised $70M in Series B funding, with the round led by Andreessen Horowitz and ICONIQ and participation from Sequoia, Oak HC/FT, and earlier investors. This round follows a $25M Series A, bringing its total funding to over $100M in less than a year.
What are their plans for the money?
Rillet plans to use the new funds to expand its operations and development efforts, aiming to further refine its platform and enhance its ability to deliver real-time, fully reconciled financial data that accelerates decision-making.
What have they achieved so far?
The company has already made significant progress by enabling customers to close their books much faster than traditional methods, delivering real-time reconciled financial data and automating critical accounting processes.
