Rillet Secures $100M at $1B Valuation to Revolutionize Finance with AI ERP

Modern finance teams now have access to a powerful new tool as Rillet, the AI-native enterprise resource planning (ERP) platform, announced today it has raised $100 million in Series C funding led by ICONIQ. This investment values the company at $1 billion, solidifying its position as a leader in the evolving ERP landscape.

The round saw participation from an impressive roster of investors including Sequoia, Andreessen Horowitz, Sequoia Global Equities, Bain Capital Ventures, Oak HC/FT, Battery Ventures, FirstMark, Scale Venture Partners, and Creandum. This broad support underscores confidence in Rillet’s vision to transform how businesses manage their finances with AI.

Rillet differentiates itself through its AI-native architecture which enables features like automated data entry, intelligent forecasting, and proactive insights that traditional ERP systems lack. The platform aims to streamline financial operations, reduce manual errors, and empower finance teams to become more strategic advisors rather than just processors of transactions.

The company has seen significant traction with fast-growing businesses seeking modern alternatives to legacy ERP solutions. With this new funding, Rillet plans to expand its product capabilities, grow its team, and accelerate market adoption across key verticals.