DualEntry, an enterprise resource planning, or ERP, platform, has emerged from stealth and announced a $90 million Series A funding round. The New York-based company works to modernize legacy ERP software with a platform built using artificial intelligence.
DualEntry’s ERP accounting suite includes general ledger, accounts payable, accounts receivable and financial planning and analysis capabilities. It is built to handle accounting across multiple books, currencies and entities and is designed for scale. DualEntry reports that it has already processed $100 billion worth of journal entries using its AI and serves thousands of global users.
Lightspeed Venture Partners and Khosla Ventures co-led the Series A, bringing DualEntry’s total funding secured over the past 15 months to more than $100 million. The raise will go toward fueling the continued growth of DualEntry’s platform.
