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🚀 AI ERP Platform Rillet Secures $70 Million in Series B Funding

According to PANews, AI-native enterprise resource planning (ERP) platform Rillet has successfully raised $70 million in a Series B funding round. The investment was led by Andreessen Horowitz and ICONIQ, with participation from Sequoia and Oak HC/FT. This latest funding brings Rillet's total financing to over $100 million within a year. Founded by a former executive from N26, Rillet has already served more than 200 clients. Over the past 12 weeks, the company's annual recurring revenue (ARR) has doubled. Rillet is collaborating with accounting firms such as Armanino and Wiss to reduce the closing cycle to just a few days through native integration and embedded AI solutions.

#AI #ERP #Rillet #Funding #SeriesB #Investment #AndreessenHorowitz #ICONIQ #Sequoia #OakHCF #Clients #ARR #Accounting #AIIntegration

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Crypto M - Crypto News

🚀 Oro Labs Secures $100 Million in Series C Funding

Oro Labs, a Silicon Valley startup specializing in AI-driven procurement automation, has announced the completion of a $100 million Series C funding round. According to ChainCatcher, the round was led by Goldman Sachs Growth Equity and Brighton Park Capital, with participation from existing investors such as Norwest Venture Partners, B Capital, XYZ Capital, and Felicis. This latest investment brings the company's total funding to $160 million.

Oro Labs offers a 'procurement orchestration platform' that leverages AI technology to enhance existing enterprise resource planning (ERP) and procurement systems. The platform provides services such as compliance review and process automation to Fortune 500 clients, including Coca-Cola, Pfizer, and Novartis.

#OroLabs #SeriesCFunding #AI #ProcurementAutomation #SiliconValley #Startup #Funding #EnterpriseTech #ERP #ProcessAutomation

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