Rillet didn't even want money. It got $100M anyway, in 2 days
Rillet, an AI-native accounting startup, wasn't fundraising. Then it showed investors a board deck with doubled revenue and clients ditching Oracle and NetSuite for its AI bookkeeping platform. Texts flew, calls happened, and 48 hours later Rillet was a freshly minted unicorn with $100M from Iconiq and Sequoia at a $1B valuation. It's the latest sign AI startups are gunning straight at legacy enterprise software giants, and investors are terrified of missing the next one.
Nothing says 'healthy market' like VCs throwing nine figures at a company that didn't even ask.