Rillet raises $100 million and becomes a unicorn in 48 hours

AI accounting startup Rillet closed a $100 million Series C at a $1 billion valuation in 48 hours. CEO Nicolas Kopp said the company was not even looking to raise.

Image published with TechCrunch on Rillet’s $100 million unicorn round

On August 21, 2026, TechCrunch reported that Rillet, an AI-native accounting platform led by CEO Nicolas Kopp, raised $100 million at a $1 billion valuation in 48 hours. The company has now raised $200 million in total and counts 600 customers.

What we know

Iconiq general partner Seth Pierrepont led the Series C and joined the board; Sequoia’s Julien Bek reinvested.
Kopp said about 50% of customers come from Intuit and 30% from NetSuite and Sage Intacct.
Annualized revenue doubled in the last quarter; the company also announced an alliance with EY.
Kopp said clients are ripping out ERP and accounting software rather than running pilots.

Takeaways

The $1 billion valuation landed in two days after a board update, not a long roadshow.
Half the book still comes from Intuit refugees.
Iconiq led and took a board seat; Sequoia stayed in.

Source: TechCrunch

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Rillet raises $100 million and becomes a unicorn in 48 hours

AI accounting startup Rillet closed a $100 million Series C at a $1 billion valuation in 48 hours. CEO Nicolas Kopp said the company was not even looking to raise.

What we know

Iconiq general partner Seth Pierrepont led the Series C and joined the board; Sequoia’s Julien Bek reinvested.
Kopp said about 50% of customers come from Intuit and 30% from NetSuite and Sage Intacct.
Annualized revenue doubled in the last quarter; the company also announced an alliance with EY.
Kopp said clients are ripping out ERP and accounting software rather than running pilots.

Takeaways

The $1 billion valuation landed in two days after a board update, not a long roadshow.
Half the book still comes from Intuit refugees.
Iconiq led and took a board seat; Sequoia stayed in.

Source: TechCrunch