TechFlow news, on August 6, Rillet announced the completion of a $70 million Series B funding round co-led by Andreessen Horowitz and ICONIQ, with participation from Sequoia Capital, Oak HC/FT, and other investment firms. With this round, the company has raised over $100 million in funding within one year.
Rillet focuses on providing AI-native enterprise resource planning (ERP) solutions for modern finance teams. Through intelligent general ledger and natively integrated technology, the platform helps businesses significantly shorten their financial close cycles. The company has already signed contracts with more than 200 customers and established strategic partnerships with several top U.S. accounting firms, including Armanino and Wiss.
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