Rillet, a company developing AI-powered accounting software, announced a $70 million Series B funding raise led by Andreessen Horowitz and ICONIQ. The round closely follows Rillet’s Series A and brings the company’s total raised capital to more than $100 million in less than one year.
The company has come to serve more than 200 enterprise customers since its launch, including Windsurf, Bitwarden and Decagon, and it doubled its revenue over the past 12 weeks. Its enterprise resource planning software equips finance teams with native integrations that automatically structure data. The AI-powered tool enables teams to collaborate in real time, automate their workflows and derive insights from instant reporting.
Backed by its fresh capital, Rillet plans to enhance its AI capabilities and further its integrations across the financial technology stack. The company aims to build a collaborative platform that leverages AI agents alongside human expertise to help businesses better manage their financial performance.
