Rillet, a US-based AI-powered accounting platform, has raised $25 million in a Series A round led by Sequoia Capital, with participation from First Round Capital, Creandum, Susa Ventures, and angel investors including former NetSuite CFO Ron Gill and former Twilio CFO Lee Kirkpatrick.
Founded in 2021 by Nicolas Kopp and Stelios Modes, Rillet is building a next-generation ERP solution that combines real-time data integration with AI automation, empowering finance teams to streamline processes like accruals, reconciliations, and board reporting.
“We are a team of accountants building for accountants,” said Rillet CEO Nicolas Kopp. “Everything from the reports to the workflows is tailor-built for the daily challenges CFOs and controllers face.”
Sequoia partner Roelof Botha stated: “Rillet has rethought the general ledger to automate accounting with real-time integrations and AI-driven workflows, helping CFOs realize the full potential of AI and scale faster.”
Launched in 2024, the platform has already grown its revenues 5x year-over-year and now serves nearly 200 clients including Windsurf, Decagon, and Postscript. With this Series A, Rillet’s total funding reaches $39 million.
