Rillet
AI-native ERP for hyper-growth SaaS; $100M+ raised in under a year, BILL and Zapier native.
Each dimension is a composite of public signals. The Index is a weighted average; weights are published on the methodology page.
Where the tool plays across the 17-category taxonomy used by this index.
The system of record — chart of accounts, journal entries, trial balance.
Classifying bank and card transactions against a chart of accounts.
Matching ledger entries to bank statements; flagging discrepancies.
Bill capture, vendor management, approval workflows, payment execution.
Invoicing, dunning, collections, payment matching.
Accruals, deferrals, depreciation, task orchestration, review workflows.
P&L, balance sheet, cash flow, variance analysis, board-ready packs.
Income tax, sales tax / VAT / moms, nexus tracking, e-filing.
Documentation, PBC lists, evidence trails, auditor collaboration.
Wage calculation, withholdings, benefits, regulatory filings.
Inter-company elimination, currency translation, consolidated statements.
ASC 606 / IFRS 15 automation, performance-obligation tracking.
Corporate cards, expense policy, reimbursements, spend controls.
Forecasting, budgeting, scenario modeling, variance commentary.
Conversational query, report generation, and action-taking via chat.
Firm-side workflow, client portals, deadlines, CRM, billing, and team orchestration for accounting and tax practices.
Generative-AI research and memo-writing assistants trained on tax code, rulings, and case law.
Rillet is the most technically ambitious of the AI-native US ledgers. It's explicitly an ERP — not just a bookkeeping tool — targeting hyper-growth SaaS with multi-entity consolidation, advanced ASC 606 revenue recognition, intercompany eliminations, and native usage-based billing. The August 2025 $70M Series B led by a16z and ICONIQ (just ~10 weeks after a $25M Sequoia-led Series A) took total raised past $100M at a reported ~$500M valuation, with named customers including Mercor, Windsurf, and Function Health.
The 2026 integrations story has become a real moat: the BILL × Rillet native two-way integration shipped in March 2026, and Zapier × Rillet opened an 8,000-app surface in the same month. For a post-Series-B SaaS company that's outgrown QuickBooks and isn't ready for NetSuite, Rillet is increasingly the default answer.
Price is the main limiter. Rillet isn't for companies with fewer than a dozen people in finance; it's for companies with a finance-and-accounting team that needs a purpose-built tool. The live duopoly is against Campfire, which has sharper revrec-first positioning and a similarly accelerating capital base.
Citations
- Rillet blog — $70M Series B from Andreessen Horowitz and ICONIQ (Aug 2025)rillet.com/blog/rillet-raises-70m-series-b-from-andreessen-horowitz-and-iconiq
- Crunchbase News — Rillet Series Bnews.crunchbase.com/fintech/startup-rillet-ai-seriesb-a16z-iconiq
- GlobeNewswire — Rillet customer disclosures (Mercor, Windsurf, Function Health)globenewswire.com/news-release/2025/08/06/3128328/0/en/Rillet-raises-70M-to-replace-20th-century-accounting-software-with-AI-native-ERP-built-by-accountants.html
- BILL × Rillet — native two-way integration (Mar 2026)bill.com/press-release/bill-and-rillet-partner
- Morningstar / BusinessWire — Zapier × Rillet (8,000+ apps)morningstar.com/news/business-wire/20260325858089/zapier-and-rillet-partner-on-ai-native-finance-stack-connecting-ai-erp-to-8000-apps