Sequoia Capital Invests $25M in AI Accounting Firm Rillet to Revolutionize Mid-Market Finance
Maria LourdesImage Copyright: PR Newswire.
In a significant boost to the fintech sector, Sequoia Capital has led a $25 million Series A funding round for Rillet, an innovative AI-native ERP (Enterprise Resource Planning) platform. This investment, announced on May 28, 2025, marks a pivotal moment for the company, which aims to transform accounting processes for mid-market businesses with cutting-edge artificial intelligence.
Rillet, founded just under a year ago, has quickly gained traction as the go-to system for next-generation finance teams. The platform is already being utilized by forward-thinking companies such as Windsurf, Decagon, and Postscript, showcasing its potential to streamline financial operations and enhance decision-making through AI-driven insights.
The funding round also saw participation from existing investors including First Round Capital, Creandum, Susa Ventures, and prominent angel investors like former NetSuite CFO Ron Gill and former Twilio CFO Lee Kirkpatrick. This strong backing underscores the confidence in Rillet’s vision to redefine accounting software for mid-sized enterprises.
With this fresh capital, Rillet plans to accelerate product development, expand its team, and scale its operations to meet growing demand. The company’s focus on integrating AI technology into ERP systems is seen as a game-changer, promising to reduce manual workloads and improve accuracy in financial reporting.
Industry experts believe this investment signals a broader trend of venture capital flowing into AI-powered solutions for business operations. As mid-market companies increasingly adopt digital tools, Rillet’s platform could set a new standard for efficiency and innovation in the accounting space.
Sequoia Capital’s involvement further cements its reputation as a leader in backing transformative tech startups. This deal, reported by sources like Yahoo Finance, highlights the growing intersection of AI and finance, with Rillet poised to lead the charge.
