What does Rillet do?
Rillet is a New York-based company offering an AI-native enterprise resource planning platform that helps businesses streamline their financial processes by providing fully reconciled financial data in real time.
How much did they raise?
The company secured $25M in a Series A round, led by Sequoia Capital, with no additional participants reported.
What are their plans for the money?
Rillet plans to deploy the funds to further accelerate the development and deployment of AI within its platform, enhance its go-to-market strategy, and strengthen customer support, potentially transforming how financial data is managed and reported.
What have they achieved so far?
Rillet has already made significant strides by enabling leaner accounting teams to close their books in hours instead of weeks, and its platform integrates with popular tools like Salesforce, Stripe, Ramp, Brex, and Rippling to streamline key accounting workflows.
