Rillet, a San Francisco, CA-based AI-native ERP (enterprise resource planning) platform built for modern finance teams,, has raised $70 million in Series B funding
Investors
The round was co-led by Andreessen Horowitz and ICONIQ, with participation from Sequoia, Oak HC/FT, and existing investors.
Andreessen Horowitz is a Silicon Valley–based venture capital firm that invests in software, fintech, bio/health, crypto, gaming, and artificial intelligence. As of 2025, Andreessen Horowitz (a16z) manages approximately $45 billion in assets under management (AUM).
ICONIQ Capital is a San Francisco–based investment and wealth management firm that operates as both a multi-family office and an investment platform. Founded in 2011, the firm serves ultra-high-net-worth individuals, particularly leaders in tech, finance, and entertainment.
Rillet Use of Funds
The company will use the funding to expand its capabilities, deepen its financial technology integrations, and support continued growth as it becomes foundational infrastructure for modern finance teams.
About Rillet
Founded by Nicolas Kopp and Stelios Modes, Rillet is an AI-native enterprise resource planning (ERP) platform built to reinvent accounting for modern finance teams. It automates accounting for businesses with complex needs, leveraging real-time collaboration, native integrations, and AI-driven automation to shorten close cycles and streamline workflows. Since its 2024 launch, Rillet has acquired over 200 customers. The company's mission is to rebuild enterprise accounting from the ground up, giving finance leaders the ability to scale multi-billion dollar companies with teams a fraction of the size.
Funding Details
Company: Rillet
Raised: $70.0M
Round: Series B
Funding Date: August 2025
Lead Investors: Andreessen Horowitz, ICONIQ
Additional Investors: Sequoia, Oak HC/FT, existing investors
Company Website: https://www.rillet.com/
Software Category: AI-Native ERP / Financial Automation
Source: https://www.globenewswire.com/news-release/2025/08/06/3128328/0/en/Rillet-raises-70M-to-replace-20th-century-accounting-software-with-AI-native-ERP-built-by-accountants.html