Big A

The AIBIC Group

[Nicolas Kopp @nicckopp]

Today we're announcing our $100M Series C at a $1B valuation, led by @ICONIQCapital. It's our third round in 14 months and brings our total funding to over $200m

The round came together in less than 48 hours.

We weren't planning to raise. Then new ARR doubled last quarter and we crossed 600+ customers including public companies and enterprises with $2B in revenue. Rillet AI agent usage is growing 70% each month and CFOs are replacing Oracle Fusion, SAP and Workday to run their companies on Rillet.

We also announced our alliance with EY and officially partnered with more than half of the top 20 CPA firms.

@RilletHQ is creating an entirely new category of finance infrastructure. With Rillet, the ERP becomes the harness for the modern finance organization, where people and agents share the same financial data, apply the same accounting policies and controls, and work from a single, continuously updated view of the business. Agents perform increasingly complex financial work, while finance teams retain visibility, approval authority and a complete audit trail.

Thank you to our customers for believing in the mission and building the future of finance with us. We could not do this without you.

Thank you to the Rillet team. As I say often, building Rillet is our own version of sending rockets to Mars. It is incredibly difficult. You make it look easy.

Finally, thank you to our investors. To ICONIQ for leading the round and to our existing and new investors for building with us. @sequoia , @a16z, Sequoia Global Equities, @BainCapVC, @oakhcft, @BatteryVentures, @FirstMarkCap, @scalevp, and @creandum.

Back to work :)

[TechCrunch @TechCrunch]

The U.S. has a shortage of accountants right now, which is driving growth of Rillet CEO Nicolas Kopp's AI-native accounting platform so much, he raised $100M in 48 hours. https://t.co/cEiqZV5Snd

[Big A @the1bigA]

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Alex “Sloth” Waked

[Marty Smith @MartySmithESPN]

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