# Rillet enterprise resource planning funding > Live situation record from CLSTR: https://clstr.news/situations/rillet-enterprise-resource-planning-funding > Updated: 2026-08-21T22:10:01.000Z. Sources: 6. Developments: 2. AI-native enterprise resource planning (ERP) startup Rillet has reached a $1 billion valuation following a $100 million Series C funding round. Led by ICONIQ, with participation from Sequoia Capital, Andreessen Horowitz, Bain Capital Ventures, and Oak HC/FT, the round brings the company’s total funding to approximately $300 million. Rillet utilizes AI agents to automate complex financial tasks, such as financial reporting and general ledger maintenance, aiming to replace manual workflows and legacy systems like Oracle, NetSuite, SAP, and Workday. CEO Nicholas Koop attributed the company’s rapid growth to an “acute shortage of accountants and CPAs in the United States.” The company reported that its new annual recurring revenue doubled in the three months preceding the funding. Rillet currently serves over 600 customers, including companies such as Neuralink, Temporal, and Mercor. The company intends to use the new capital to expand its agentic finance platform across industries including biotechnology, healthcare, fintech, and logistics. ## Timeline ### 2026-08-21: Rillet reaches unicorn status with $100 million funding round AI accounting startup Rillet has reached a $1 billion valuation after raising $100 million in a 48-hour funding round, driven by a US accountant shortage and rapid revenue growth. 3 sources. https://clstr.news/cluster/rillet-reaches-unicorn-status-with-100-million-funding-round ### 2026-08-18: Rillet reaches $1 billion valuation with $100 million Series C AI accounting startup Rillet has reached a $1 billion valuation after securing $100 million in Series C funding to expand its AI-native enterprise resource planning platform. 3 sources. https://clstr.news/cluster/rillet-reaches-1-billion-valuation-with-100-million-series-c-funding --- Cite as: Rillet enterprise resource planning funding. CLSTR, https://clstr.news/situations/rillet-enterprise-resource-planning-funding