Rillet Completes $100 Million Series C Financing, Valuation Reaches $1 Billion

According to Fortune, AI accounting platform Rillet has completed a $100 million Series C financing round, reaching a valuation of $1 billion. The round was led by ICONIQ, with participation from Sequoia Capital, Andreessen Horowitz, Oak HC/FT, Bain Capital Ventures, Battery Ventures, and others. The company's total funding has exceeded $200 million. Rillet replaces traditional manual accounting processes with AI Agents and currently serves over 600 clients, including companies such as Neuralink and Mercor.