AI startup Rillet secures $70M Series B led by a16z, ICONIQ to transform enterprise accounting

Rilet, the AI Startup company that re -imagines ERP (Establishment of Institution Resources) with the first accounting tools for automation of SAAS companies and high growth companies, raised $ 70 million of financing from the BS that Andressen Horowitz (A16z) and ICONIQ.

This earns a roll’s total financing to more than $ 100 million in less than a year. Seth Peripont, the general partner of iconiq, Alex Rambelle, the A16Z general partner, joins the company’s board of directors.

The last round depends on the $ 25 million A Rillet series in May, led by Sequoia Capital, which aims to bring artificial intelligence to the middle of the market accountable.

Since its launch in 2024, the San Francisco -based company has signed more than 200 customers and has set its repeated annual revenues in the past 12 weeks, with partnerships formed with the best accounting companies including Armanino and Wiss.

“The financial teams deserve the same advantages of artificial intelligence that revolutionized sales, engineering and legal,” Ramil said in a statement.

Rilet’s Platform conducts companies such as Postscript, at a value of $ 100 million, to close its books in just three days, or Windsurf, which runs its full financial operations with a two -people team.

Nearly 75 % of accountants are expected to retire in the next 15 years, causing talent deficiency. Accenture estimates that 80 % of routine financial processes can be automatically.

“In our opinion, Rulet not only updates accounting programs, but also redefines the financial teams that you can achieve when editing from the old systems,” said Peripont. “Their original approach to artificial intelligence can give companies a clear advantage: faster visions, smaller difference and more intelligent decisions. We believe that Rillet will become the basic infrastructure for the next generation of companies that define the categories.”