Startup
Rillet
AI-native general ledger and ERP for software and technology companies, built to replace QuickBooks at the low end and NetSuite at the high end, with automated revenue recognition, close and consolidation.
| Founded | 2022, New York; offices in San Francisco and Barcelona |
|---|---|
| Founders | Nicolas Kopp (CEO, former US CEO of N26), Stelios Modes |
| Stage | Series C |
| Total funding | More than $200m |
| Last round | Series C, $100m, August 2026, led by ICONIQ with Sequoia, Bain Capital Ventures, Oak HC/FT, Battery, FirstMark and Creandum. Valuation $1bn. ↗ |
| Earlier rounds | Series B $70m, 2025, led by a16z and ICONIQ; three raises in 14 months |
| What it does | General ledger, revenue recognition, billing, multi-entity consolidation and close automation, with native integrations to Stripe, payroll and banks |
| Traction | 600+ customers including public companies with $2bn in revenue; Neuralink, Skild AI and Mercor named; new ARR doubled in the latest quarter |
| Pricing | Not published; quoted per company |
| Markets | US, Europe |
| Peers | Campfire, DualEntry, Light, NetSuite, Sage Intacct |
Why it matters
Rillet became a unicorn in August 2026, two years after leaving stealth, with more than $200 million raised. It is the front-runner among the AI-native ERPs competing to replace NetSuite for mid-market technology companies.
Updated September 2026.
Part of Accountio’s accounting technology coverage.
