Rillet raises $25M in a Series A funding round from Sequoia to automate general ledger systems using AI. The funding will help enhance its innovative software solutions for accounting teams.
PRIVATEMay 28, 2025
Amount Raised
$25 Million
Round Type
Series A
New YorkFinancial ServicesSoftwareEnterprise SoftwareFintechAccountingSaaSCRM
Investors
Sequoia Capital
Description
Rillet has successfully raised $25 million in a Series A funding round led by Sequoia Capital to improve its AI-driven general ledger software. The startup aims to automate financial reporting processes for medium-sized companies. With this funding, Rillet will continue to grow its customer base and enhance its product capabilities. The investment comes at a time when the demand for efficient financial software is on the rise.
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Company Information
Company
Rillet
Location
New York, New York, United States
About
Rillet is the first accounting platform made to tailor fit the workflows of accountants. Through curated native integrations, deterministic algorithms as well as AI, Rillet pulls in metadata from your tech stack, interprets them and automatically books journal entries, sends invoices, creates deferred revenue waterfall, prepaid schedule, and generates financial metrics real-time.
Rillet takes care of multiple geographies and currencies, consolidating multiple entities with ability to report in multiple currencies.
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New YorkFinancial ServicesSoftwareEnterprise SoftwareFintechAccountingSaaSCRM