New York based AI driven ERP startup Rillet has secured $25 million in Series A funding, with the round led by Sequoia Capital.
The investment marks a major step in Rillet’s mission to modernize financial operations through intelligent automation.
Just 10 months after closing its $13.5 million seed round, the company has attracted continued backing from First Round Capital, Creandum, and Susa Ventures, along with strategic angel investors like former NetSuite CFO Ron Gill and ex-Twilio CFO Lee Kirkpatrick.
Reinventing Accounting with AI
Founded by Nicolas Kopp, Rillet is redefining traditional accounting systems with a next generation approach blending deep AI into the heart of financial workflows.
Its platform automates complex tasks like accruals, reconciliations, variance tracking, and executive reporting, enabling finance teams to close books in a matter of hours instead of weeks.
Rillet’s system integrates effortlessly with modern financial tools such as Stripe, Salesforce, Brex, Ramp, and Rippling, positioning itself as a dynamic backend for mid-sized finance teams.
“Finance teams have long been stuck with rigid, outdated tools. We’re designing a platform that doesn’t just record data it understands and acts on it,” said Rillet CEO Nicolas Kopp.
Impressive Growth and Traction
Since its public launch in 2024, Rillet has seen rapid growth:
- 5x revenue growth year-over-year
- Billions in transaction volume processed
- Serving nearly 200 clients, including fast-scaling companies like Windsurf, Decagon, and Postscript
With the new funding, Rillet plans to enhance its AI capabilities, expand its engineering and customer success teams, and accelerate its go to market strategy.
Sequoia’s Endorsement of the Vision
Sequoia Capital’s partner Roelof Botha shared his thoughts on the partnership:
“Rillet is reimagining the general ledger from the ground up. Their AI-first approach is helping businesses automate financial operations and scale with confidence.”
Rillet’s vision is to become the intelligent alternative to legacy ERP platforms like NetSuite and QuickBooks, offering mid-market businesses a smarter, real-time way to manage finances.
