AI
AI accounting startup Rillet closes $100 million round at a $1 billion valuation
Two-year-old AI-native accounting platform Rillet raised a $100 million Series C led by ICONIQ Growth at a $1 billion valuation in under 48 hours after a routine board update. Investors say the raise signals how quickly AI systems embedded in core finance workflows are displacing legacy suites such as Oracle and NetSuite.