Rillet raises $70 million to update ERP systems with artificial intelligence
The platform Rillet, specializing in enterprise resource planning systems powered by artificial intelligence, has successfully raised $70 million in a Series B funding round, led by Andreessen Horowitz and ICONIQ, with participation from Sequoia and Oak HC/FT.
Founded by a former executive at N26, Rillet has managed to increase its total funding to over $100 million within a year, achieving rapid growth in recurring revenue.
The company serves over 200 clients and collaborates with accounting firms such as Armanino and Wiss to accelerate the closing of books using integrated artificial intelligence solutions.