AI-native account startup Rillet became a unicorn, led by ICONIQ after it doubled its ARR in the past three months, it said.
Rillet raised $100M Series C at $1B valuation with doubled ARR and 600+ enterprise customers in 3 months. Investors are betting on AI finance automation as the new ERP operating system, disrupting legacy platforms.
In Brief
Posted:
1:12 PM PDT · August 19, 2026
Image Credits:Rillet
AI accounting startup Rillet announced a $100 million Series C at a $1 billion valuation on Tuesday, led by Iconiq. Returning investors included Andreessen Horowitz and Sequoia. Rillet, which emerged from stealth in 2024, is quickly becoming one of the hottest AI startups in the enterprise resource planning (ERP) industry.
Ramp has nearly tripled its valuation over the past year as investors scramble to grab a part of the fast-growing startup.
The six-year-old company is rebuilding corporate credit cards and expense reports with funding from Founders Fund, Iconiq, and…
Add another member to the fast-and-furious AI unicorn club: Simile
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Multiplier raised Series A and seed funding from Lightspeed and Ribbit Capital.
The round, which brought the two-year-old startup’s total funding to $88 million, was led by Scale Venture Partners.
