Key Takeaways
- • Rillet, an AI-native enterprise resource planning platform for finance teams, closed a $100 million Series C round at a $1 billion valuation, led by ICONIQ Capital with participation from major venture investors including Sequoia, Andreessen Horowitz, and Bain Capital Ventures.
- • The funding represents Rillet's third financing round within the past year, bringing total capital raised to more than $200 million, signaling rapid investor momentum in the AI-driven financial automation sector.
- • Rillet's platform combines real-time general ledger functionality, continuous close architecture, and AI agents designed to enable collaborative human-AI finance operations with full auditability and controls.
- • The company counts public companies and fast-growing enterprises including Mercor, Function Health, and Temporal as customers, and recently established a strategic alliance with EY in 2026, positioning itself within the enterprise accounting ecosystem.
Summary
Rillet, a San Francisco-based AI-native enterprise resource planning platform, has secured $100 million in Series C funding at a $1 billion valuation, marking the company's third major financing round in twelve months. The round was led by ICONIQ Capital with broad participation from prominent venture capital firms, including Sequoia, Andreessen Horowitz, Sequoia Global Equities, Bain Capital Ventures, Oak HC/FT, Battery Ventures, FirstMark, Scale Venture Partners, and Creandum.
The company's total funding now exceeds $200 million. Rillet positions itself as a next-generation ERP solution designed specifically for finance teams operating in what the company characterizes as "the era of agentic finance." The platform's core architecture integrates three key components: a real-time general ledger, continuous close capabilities, and embedded AI agents that work collaboratively with human finance professionals while maintaining full context, controls, and audit trails.
Rillet's customer base includes both public companies and high-growth private enterprises, with named clients including Mercor, Function Health, and Temporal. The company has also expanded its market reach through partnerships with major accounting infrastructure providers, including a 2026 alliance with EY that positions Rillet within the broader professional services and accounting firm ecosystem. The rapid succession of funding rounds within a single year reflects investor confidence in the AI-driven finance automation category and Rillet's competitive positioning within that space.
The company's total funding now exceeds $200 million. Rillet positions itself as a next-generation ERP solution designed specifically for finance teams operating in what the company characterizes as "the era of agentic finance." The platform's core architecture integrates three key components: a real-time general ledger, continuous close capabilities, and embedded AI agents that work collaboratively with human finance professionals while maintaining full context, controls, and audit trails.
Rillet's customer base includes both public companies and high-growth private enterprises, with named clients including Mercor, Function Health, and Temporal. The company has also expanded its market reach through partnerships with major accounting infrastructure providers, including a 2026 alliance with EY that positions Rillet within the broader professional services and accounting firm ecosystem. The rapid succession of funding rounds within a single year reflects investor confidence in the AI-driven finance automation category and Rillet's competitive positioning within that space.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.