AI accounting startup Rillet just landed $100M in funding, catapulting its valuation to $1B—led by Iconiq with big names like Andreessen Horowitz and Sequoia joining. Emerging in 2024, the company uses AI to automate financial bookkeeping, pulling data from Salesforce, Brex, and more. With over 600 clients and ARR doubling in three months, Rillet’s explosive growth—including a surprise funding close in under two days—has caught investor attention, fueled by partnerships like EY. Investors see Rillet as the future of finance: turning the general ledger into the central operating system for all financial operations.
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