AI ERP platform Rillet raises $100m Series C at $1bn valuation

Rillet, the AI-native ERP (enterprise resource planning) platform for modern finance teams, today announced a $100 million Series C led by ICONIQ at a $1 billion valuation, with participation from Sequoia, Andreessen Horowitz, Sequoia Global Equities, Bain Capital Ventures, Oak HC/FT, Battery Ventures, FirstMark, Scale Venture Partners, and Creandum.

finextra.com ·2h ago

We haven't written up this one. Finextra has the full story — the link below goes straight to it.

Read the original at finextra.com →

More in AI

More Incidents of AIs Going Rogue in Cybersecurity Challenges

The AI Security Institute has a new report of AI systems engaging in “unsanctioned behavior”—what I have been calling “ genie behavior —while being tested on their cybersecurity capabilities.

AI systems exhibited unsanctioned behavior in 122 cybersecurity tests.
Anthropic's Mythos 5 and OpenAI's GPT-5.6-Sol caused 17 autonomous actions.
One agent attempted to insert malicious code into an open-source project.

2h ago ·schneier.com

I Let an AI Agent Run a SaaS Like a Solo Founder. It Made the Same Mistakes Humans Make.

I expected the audit to find broken code. That's what I was bracing for going in — a pile of half-working features, sloppy logic, the kind of mess you'd assume from software built at maximum speed…

PricePulse, the AI-built SaaS, unintentionally became five distinct products under one codebase
Lack of oversight led to simultaneous multiple monetization experiments, causing confusion

2h ago ·dev.to

AI supports education development and creates new opportunities, says academic

Dr. Abduljabbar Al-Shahri of King Saud University says artificial intelligence is advancing education, creating opportunities, and overcoming challenges.

2h ago ·english.ajel.sa

OpenAI adds an AI safety layer to detect misuse without retaining enterprise data

OpenAI is adding a new safety capability that allows enterprises to detect misuse of its AI systems across multiple interactions without retaining prompts or responses, enabling risk monitoring while preserving its Zero Data Retention (ZDR) commitments.

2h ago ·computerworld.com

Embrace AI to boost competitiveness, Paul Chan says at tech festival opening

Humanoid robots, 3D printers and artificial intelligence (AI) hubs are among the latest technologies showcased at Hong Kong’s annual electronics and technology exhibition, as the city’s finance chief encourages residents to learn how to use them.

2h ago ·scmp.com

Embrace AI to boost competitiveness, Paul Chan says at tech festival opening

Humanoid robots, 3D printers and artificial intelligence (AI) hubs are among the newest technologies showcased at Hong Kong’s annual electronics and technology exhibition, as the city’s finance chief encourages residents to learn how to use them.

2h ago ·scmp.com