According to Fortune, Rillet, an AI-native accounting platform founded just two years ago, has announced a $100 million Series C funding round, valuing the company at $1 billion. The round was led by ICONIQ, with existing investors including Sequoia Capital, Andreessen Horowitz, and Oak HC/FT participating, alongside new investors such as Bain Capital Ventures and Battery Ventures. The company’s total funding to date has exceeded $200 million. Rillet positions itself as the first truly AI-native accounting platform, designed to replace traditional manual accounting processes with AI agents capable of simultaneously handling hundreds of operations and generating complete audit trails. It currently serves over 600 clients, including leading AI companies such as Neuralink and Mercor, with approximately 40% of its customers coming from outside the technology sector.
AI-native accounting startup Rillet raises $100M in Series C round, valued at $1B
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Summary
AI and crypto news outlet TechFlow reports that Rillet, an AI-native accounting platform, has raised $100 million in a C-round led by ICONIQ. Sequoia Capital, Andreessen Horowitz, Bain Capital Ventures, and Battery Ventures also participated. The funding values Rillet at $1 billion. The company serves over 600 clients, including Neuralink and Mercor, with 40% of its users outside the tech sector. New token listings may follow as the company scales.
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