Nicolas Kopp

Rillet has landed in the UK! Today we’re opening our London office as we expand into Europe. This comes at an exciting moment for us. Although we've had customers in the EU since the early days of @RilletHQ, we're accelerating dramatically. 20% of our customers today already operate in the UK and Europe and we are excited to support them locally now, as well as expand our support to more companies across the pond. This moment also feels like a full circle for me personally. After having spent years studying and working in London, I’m excited to reconnect with old friends and colleagues in the City. If you're local and unreasonably passionate about what we're building, we're hiring in person!

thanks @nasdaqexchange for having me on MarketSite today! Finance has changed more in the last 6 months than the last 6 years. And it's not slowing down. Here we go.

Last night we announced our $100m fundraise at $1B led by @ICONIQCapital. The response has been tremendous. We're creating an entirely new category of finance. Right now this seems ambitious but five years from now, what we're doing will seem obvious. The future runs on @RilletHQ. Let's go

Today we're announcing our $100M Series C at a $1B valuation, led by @ICONIQCapital. It's our third round in 14 months and brings our total funding to over $200m The round came together in less than 48 hours. We weren't planning to raise. Then new ARR doubled last quarter and we crossed 600+ customers including public companies and enterprises with $2B in revenue. Rillet AI agent usage is growing 70% each month and CFOs are replacing Oracle Fusion, SAP and Workday to run their companies on Rillet. We also announced our alliance with EY and officially partnered with more than half of the top 20 CPA firms. @RilletHQ is creating an entirely new category of finance infrastructure. With Rillet, the ERP becomes the harness for the modern finance organization, where people and agents share the same financial data, apply the same accounting policies and controls, and work from a single, continuously updated view of the business. Agents perform increasingly complex financial work, while finance teams retain visibility, approval authority and a complete audit trail. Thank you to our customers for believing in the mission and building the future of finance with us. We could not do this without you. Thank you to the Rillet team. As I say often, building Rillet is our own version of sending rockets to Mars. It is incredibly difficult. You make it look easy. Finally, thank you to our investors. To ICONIQ for leading the round and to our existing and new investors for building with us. @sequoia , @a16z, Sequoia Global Equities, @BainCapVC, @oakhcft, @BatteryVentures, @FirstMarkCap, @scalevp, and @creandum. Back to work :)

We built Rillet on the idea that the centuries-old practice of "closing your books" should be obsolete. Month-end, which used to be a scramble to reconcile everything and get the numbers to zero out, is now just another day. Based on a sample of Rillet customers, we went deep with @a16z on how AI-native ERP is breaking the mold of traditional accounting.

The finance role is evolving. FP&A is moving to real time reporting. Accountants are becoming orchestrators of data and systems. Historically, much of our time has been spent sorting, copying, pasting, filtering - the classic “why don’t these two data sets match?” AI-native teams are operating differently. They’re building data cleanliness with Rillet upstream so everything is queryable downstream in a secure and compliant manner. We are building the next shift in AI that doesn't wait to be asked. No prompts or queries needed. It surfaces the anomaly before anyone knew to look for it - continuously in real time, running in the background. So your team focuses on the work that actually moves the business forward. Yesterday I sat down with Romaine Bostick and Katie Greifeld at Bloomberg to talk about exactly this. We got into why human-in-the-loop still matters even as automation accelerates and what @arampell means when he says the best companies are filing cabinets. Thank you for having @RilletHQ and @a16z on air! Watch the full interview here: bloomberg.com/news/videos/20…