Rillet Secures $100M at $1B Valuation to Scale AI ERP Platform


Rillet Secures $100M at $1B Valuation to Scale AI ERP Platform

📅 - Rillet has raised $100 million in Series C funding at a $1 billion valuation as it scales an AI-native ERP platform designed to place software agents directly inside financial workflows. The round, led by ICONIQ, brings total funding above $200 million and gives the company capital to challenge established enterprise systems from Oracle, SAP, Workday, and NetSuite.

The financing is Rillet's third round in a year, an unusually rapid funding cadence even by enterprise software standards. The company says new annual recurring revenue doubled during the past three months and its customer base has passed 600 organizations. It has not disclosed total ARR, revenue, profitability, retention, or [...][... Check source for end of article ...]
Tags: AI

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