AI accounting startup Rillet raised a $100 million Series C at a $1 billion valuation, led by ICONIQ with returning investors Andreessen Horowitz and Sequoia. The company, which emerged from stealth in 2024, says it has doubled its ARR in the past three months and now serves over 600 companies. CEO Nicolas Kopp said the round came together in under 48 hours after strong interest following an EY alliance and rapid growth. Rillet has raised more than $200 million total, following a $70M Series B and $25M Series A, and is positioned as a disruptor to legacy ERP/SaaS players like NetSuite.
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How much funding has Rillet raised in total and at what valuation?
Rillet has raised more than $200 million total, reaching a $1 billion valuation after its $100 million Series C led by ICONIQ. This followed a $70 million Series B and a $25 million Series A led by Sequoia. The company says it has doubled its ARR in the past three months and serves more than 600 customers. daily.dev surfaces funding milestones like this for those tracking AI startups disrupting enterprise software.