Funding
AI accounting startup Rillet raises $100 million, reaching a $1 billion valuation
The Series C, led by ICONIQ with Sequoia, Andreessen Horowitz and six other investors, is Rillet's third fundraise in a year and pushes total funding past $200 million.
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The short version
- Rillet, a two-year-old AI-native accounting platform, raised a $100 million Series C at a $1 billion valuation, Fortune reported August 18.
- The round was led by ICONIQ, with returning investors Sequoia Capital, Andreessen Horowitz and Oak HC/FT joined by new backers including Bain Capital Ventures, Battery Ventures and FirstMark.
- It is Rillet's third fundraise in the past year, pushing total funding past $200 million.
The Series C, led by ICONIQ with Sequoia, Andreessen Horowitz and six other investors, is Rillet's third fundraise in a year and pushes total funding past $200 million.