# Rillet

> Rillet is an AI-native ERP built by accountants that automates the month-end close, recognizes revenue in real time, and surfaces SaaS metrics directly from the general ledger. Founded by former N26 US CEO Nicolas Kopp and CTO Stelios Modes, the San Francisco company positions itself as a modern replacement for legacy systems like NetSuite and QuickBooks, letting finance teams close their books in days instead of weeks. Backed by Sequoia, Andreessen Horowitz, and ICONIQ, Rillet has raised over $100M and serves 500+ scaling companies.

- **Founded:** 2021
- **Headquarters:** San Francisco, California, United States
- **Founders:** Nicolas Kopp (Co-Founder & CEO), Stelios Modes (Co-Founder & CTO)
- **Team size:** ~90 employees; product team seeded by 50+ CPAs from Big Four firms and legacy ERP operators
- **Products:** AI-Native ERP, Aura AI, Revenue Recognition, Native Integrations, Continuous Close
- **Notable:** Raised over $100M in under a year from Sequoia, a16z, and ICONIQ, Closed a $70M Series B just ~10-12 weeks after a $25M Series A, Grew to 500+ customers, including public companies with $1B+ ARR

## Products & services

- **AI-Native ERP** — Core platform with automated general ledger, accounts receivable and payable, bank reconciliation, close management, and flexible GAAP reporting.
- **Aura AI** — AI assistant that analyzes past vendor bills and service periods to draft accrual suggestions and automate journal entries.
- **Revenue Recognition** — Automated ASC 606 revenue schedules generated from contracts and invoices, handling usage-based, multi-element, and deferred revenue models.
- **Native Integrations** — Connections to Stripe, Salesforce, Ramp, Brex and 12,000+ tools via Zapier, matching payments to invoices at a 99.999% rate.
- **Continuous Close** — Real-time architecture that processes every transaction as it happens to eliminate the discrete month-end close.
- **SaaS Metrics & Reporting** — Investor metrics, revenue waterfall, retention cohorts, and multi-entity consolidation surfaced directly from the general ledger.

## Achievements

- Raised over $100M in under a year from Sequoia, a16z, and ICONIQ
- Closed a $70M Series B just ~10-12 weeks after a $25M Series A
- Grew to 500+ customers, including public companies with $1B+ ARR
- 5.0-star G2 rating with Best Support, High Performer, and Momentum Leader awards (Spring 2025)
- Automates ~93% of manual journal entries and 95%+ of bank reconciliation matching
- Cuts ERP implementation from ~12 months to as little as 4 weeks
- SOC 2 certified and Avalara certified

## Latest updates

- **2025-08** — Raised $70M Series B co-led by Andreessen Horowitz and ICONIQ, with a16z's Alex Rampell and ICONIQ's Seth Pierrepont joining the board.
- **2025-05** — Raised $25M Series A led by Sequoia Capital.
- **2025** — Surpassed 500 customers and doubled ARR, expanding into public companies with over $1B ARR.
- **2024** — Emerged from stealth with an AI-native ERP built by a team of 50+ CPAs.

## Links

- Website: https://rillet.com
- LinkedIn: https://www.linkedin.com/company/team-rillet
- Twitter/X: https://x.com/rillethq

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Profile page: https://yespress.io/rillet
Published by YesPress — https://yespress.io
Last updated: 2026-07-10