AI-native ERP platform Rillet raises $70 million in Series B funding, led by a16z and ICONIQ

According to reports, AI-native enterprise resource planning platform Rillet has completed a $70 million Series B funding round, led by Andreessen Horowitz and ICONIQ, with participation from Sequoia, Oak HC/FT, and others, bringing its total funding to over $100 million in a year. Rillet was founded by former N26 executives and is currently serving over 200 clients, with its annual recurring revenue (ARR) doubling in the past 12 years. The company collaborates with accounting firms such as Armanino and Wiss, aiming to shorten the financial settlement cycle to just a few days through native integration and embedded AI.