Startup profile for Rillet: latest funding, latest known valuation, total disclosed funding, investors, status, sources, and why the company is interesting. Part of the Venture Capital Tracker startup directory.
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Rillet funding, valuation and investors

AI-native ERP and general ledger where agents do finance work with human approval.

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Funding, valuation & investors

Answer-first snapshot

Latest funding

Series C

$100M · August 2026

Latest known valuation

$1B

Series C · August 2026

Total disclosed equity funding

$195M

Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.

Current status

private

growth · San Francisco, California

Investors in latest funding

Lead: ICONIQ

Other: Sequoia , Andreessen Horowitz , Bain Capital Ventures , Battery Ventures , Scale Venture Partners , Creandum

Sources: latest funding Last verified: 2026-08-19

Overview

Rillet is an AI-native ERP that puts AI agents inside a real-time general ledger with human approval and an audit trail. Founded by Nicolas Kopp, former U.S. CEO of N26. On August 17, 2026 the company announced a $100 million Series C at a $1 billion valuation led by ICONIQ, with participation from Sequoia, Andreessen Horowitz, Sequoia Global Equities, Bain Capital Ventures, Oak HC/FT, Battery Ventures, FirstMark, Scale Venture Partners, and Creandum. ICONIQ does not have a Venture Capital Tracker fund page. Prior rounds: $70 million Series B in August 2025 (a16z and ICONIQ co-led; Reuters cited ~$500 million) and $25 million Series A in May 2025 (Sequoia). The company says total funding is more than $200 million; summing the three headline checks is $195 million. It reports more than 600 customers and named Mercor, Function Health, and Temporal. Revenue dollars were not disclosed.

Why Rillet is interesting

August 17, 2026: $100M Series C at $1B led by ICONIQ — third round in 14 months, Sequoia and a16z returning. Named customers include Temporal. ARR dollars were not disclosed; the company said it doubled new ARR in three months.

Product & use cases

AI-native ERP replacing traditional general ledgers with automated reconciliations, revenue recognition, and continuous close, with agents operating inside the ledger.

  • Month-end and continuous close for high-growth and public companies
  • Replacing NetSuite, SAP, Oracle Fusion, or QuickBooks at scale-ups
  • Finance teams running agents plus humans on one audit trail

Key facts

  • Series C (Aug 17, 2026): $100M at $1B, ICONIQ led; Sequoia and a16z returning (company)
  • Series B (Aug 2025): $70M co-led by a16z and ICONIQ; Reuters cited ~$500M
  • Series A (May 2025): $25M led by Sequoia
  • >600 customers; named Mercor, Function Health, Temporal; doubled new ARR in three months (company — not a dollar ARR)
  • Company says >$200M total raised; A+B+C headlines sum to $195M

Funding history (newest first)

Series C

2026-08 $100M Valuation: $1B

Source: https://www.rillet.com/blog/rillet-raises-100m-series-c-at-1b-valuation-to-build-accounting-superintelligence

Series B

2025-08 $70M Valuation: ~$500M (Reuters, 2025)

Source: https://www.rillet.com/blog/rillet-raises-70m-series-b-from-andreessen-horowitz-and-iconiq

Series A

2025-05 $25M

Source: https://www.reuters.com/technology/rillet-raises-25-million-ai-accounting-2025-05-15/

Investors in our directory

Funds linked from Rillet's profile — open a fund page for stage focus and related deal articles.

Andreessen Horowitz Sequoia Capital Bain Capital Ventures Battery Ventures Scale Venture Partners Creandum

Competitive landscape

Edge: Vertically integrated ledger plus agents, rather than a copilot on a batch ERP. ICONIQ led a follow-on after co-leading the B. Proof is customer count and named logos, not disclosed ARR.

AI-native finance tools attack NetSuite complexity. Rillet’s $1B Series C is a system-of-record bet with Sequoia and a16z still in. Basis printed a similar check size at a slightly higher mark for a different buyer (firms vs in-house ERP).

  • NetSuite (Oracle) incumbent

    Dominant mid-market ERP; Rillet’s stated replacement target.

  • Basis adjacent

    $100M at $1.15B in February 2026 (Business Wire; Accel-led), aimed more at accounting firms. No VCT profile.

  • Puzzle / Campfire direct

    AI-native accounting peers; similar buyer but not the same $1B print on this site.

Notable stories

  • Rillet’s Series C post says Mercor is scaling past $2B ARR with a finance team of three on Rillet — a customer anecdote, not a Mercor filing (Rillet blog, Aug 17, 2026).

Industries

Fintech Enterprise SaaS AI & Machine Learning

Related funding articles

Venture Capital Tracker pieces that cover Rillet's financing or category context.

FAQs about Rillet

Practical answers founders, operators, and investors typically search for.

$1 billion as of the August 17, 2026 $100 million Series C led by ICONIQ.
Rillet is an AI-native ERP: agents work inside a real-time general ledger with human approval and an audit trail.
ICONIQ led. Sequoia (/fund/sequoia) and a16z (/fund/andreessen-horowitz) participated, along with Bain Capital Ventures, Battery Ventures, Scale Venture Partners, and Creandum.
Headline checks: $25M Series A, $70M Series B, $100M Series C ($195M). The company says total funding is more than $200 million.
No dollar ARR. It said it doubled new ARR in the last three months and has more than 600 customers.
NetSuite is a legacy ERP. Rillet is betting agents need to run inside a purpose-built ledger rather than on top of NetSuite.
Nicolas Kopp, former U.S. CEO of neobank N26.
Private as of August 2026.
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By Venture Capital Tracker

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