AI-native enterprise resource planning platform Rillet secures $70 million in Series B funding led by a16z

Foresight News reports that Rillet has announced the completion of a $70 million Series B funding round, co-led by Andreessen Horowitz and ICONIQ, with participation from investment firms such as Sequoia Capital and Oak HC/FT. With this round, the company’s total funding over the past year has exceeded $100 million. Rillet focuses on providing AI-native enterprise resource planning (ERP) solutions for modern finance teams.

The platform leverages intelligent general ledger and native integration technologies to help companies significantly shorten their account reconciliation cycles. The company has already signed over 200 clients and established strategic partnerships with several top U.S. accounting firms, including Armanino and Wiss.