The CEO of the unicorn AI accounting startup, Rillet, says AI is changing who consulting firms hire
News Source : Business Insider
News Summary
- AI-native startups like Rillet are turning the monthly ritual of closing the books into something similar to a normal workday.
- Rillet is at the forefront of a growing crop of startups taking aim at the decades-old ERP market.
- With more than $200 million in total funding, it is one of the most-funded companies building an AI-native alternative to legacy finance software.
- In an Andreessen Horowitz analysis of 56 Rillet customers, 87% had fewer than 1% of their bookkeeping entries left to review when the end of the month rolled around.
AInative accounting startup Rillet just raised $100 million in Series C funding. The funding comes on the heels of the $200 million its raised over the past year.
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