Rillet raises $100M Series C at $1B valuation two years after stealth exit

Rillet, an AI-native ERP startup, raised a $100 million Series C led by ICONIQ at a $1 billion valuation, with Andreessen Horowitz and Sequoia returning. The company emerged from stealth in 2024 and has now raised over $200 million. Rillet reports more than 600 customers and doubled ARR in the past three months, though no absolute revenue figures have been disclosed.