Rillet raises $100M Series C at $1B valuation

Rillet, an AI-native ERP startup, raised a $100 million Series C led by ICONIQ at a $1 billion valuation. Andreessen Horowitz and Sequoia returned. Emerging from stealth in 2024, Rillet has now raised over $200 million. The company reports 600-plus customers and doubled its annual recurring revenue in three months, though no absolute revenue figures have been disclosed.