Rillet, a New York-based AI-native enterprise resource planning (ERP) platform, has raised $25 million in Series A funding.
Investors
The round was led by Sequoia Capital, with participation from existing investors First Round Capital, Creandum, Susa Ventures, and angel investors, including former NetSuite CFO Ron Gill and former Twilio CFO Lee Kirkpatrick.
Sequoia Capital is a venture capital firm founded in 1972 and based in Silicon Valley, invests in seed-stage, early-stage, and growth-stage companies across the technology sector. The firm supports founders in building iconic companies from inception to IPO.
Rillet Use of Funds
The company will use the funds to accelerate AI development within its platform and to expand its go-to-market and customer support capabilities.
About Rillet
Founded in 2021 by Nicolas Kopp and Stelios Modes, Rillet is an AI-native ERP platform designed to modernize the general ledger and automate critical financial workflows. Leveraging machine learning and generative AI, Rillet automates core accounting functions, including balance sheets, income statements, and other essential financial reports. The platform integrates directly with financial institutions and enterprise tools such as Salesforce, Stripe, Ramp, Brex, and Rippling, streamlining data aggregation and eliminating manual bookkeeping processes. Rillet currently serves nearly 200 customers, including fast-growing companies like Windsurf.
Funding Details
Company: Rillet
Raised: $25.0M
Round: Series A
Funding Date: May 2025
Lead Investor: Sequoia Capital
Additional Investors: First Round Capital, Creandum, Susa Ventures, Ron Gill, Lee Kirkpatrick
Company Website: https://www.rillet.com/
Software Category: AI-native ERP / Accounting Automation
Source: https://www.rillet.com/blog/rillet-raises-25m-from-sequoia-capital