Permissioned data access appears to be under siege. If data access becomes a closed-loop system, what breaks — and what is lost? I’ve met hundreds of B2B AI startups. Here's how I think this reshapes the landscape and how founders can respond 👇

I’m excited to share that we’ve raised a $70M Series B, led by @a16z and @ICONIQCapital - bringing our total funding to over $100M in under a year. Accounting is a $500B category, and yet most finance teams are still running on systems built in the 90s. @RilletHQ is rebuilding the financial core of modern companies. We’ve rebuilt the general ledger from the ground up to assemble the first AI-native ERP, built for speed, flexibility, and automation. Since coming out of stealth ~12 months ago, we’ve grown lightning fast. We now power the finance stack behind companies like @PostscriptIO, @windsurf, @DecagonAI, @bitwarden and many more across many industries. Windsurf scaled revenue 10x while running global finance with just two people and Rillet. Postscript, with over $100M in ARR and four entities, now closes their books in three days. These are the kinds of results we hold ourselves to. We’ve also partnered with some of the largest and best accounting firms in the country, including @Armanino_HQ, @wissllp and Attivo. The whole industry has been begging for change for decades. With Rillet, it’s here. This round came together very quickly. The first call happened while I was eating a tuna sandwich in SF (I did not finish it). Three days later, we had a signed term sheet. It was a reflection of the momentum we’re seeing both in the product and in the market. Since announcing our Series A just weeks ago, we’ve already doubled our ARR. None of this would be possible without our team of accountants and engineers. A few months ago, I was still jumping on support calls to help customers. Today, our implementation, success, and product teams are delivering outcomes with the same speed and care that got us here. We originally booked an offsite to celebrate the Series A. In classic Rillet speed fashion, it’s now an A + B celebration. It’s proof of how fast things can move when customers love the product and a reminder of how much this team has earned the chance to celebrate together. We’re fortunate to welcome @a16z and @ICONIQCapital to the table. @arampell, @seema_amble, @mandrusko1 and @slpierre, @skstebbins bring clarity, urgency and deep conviction about the future of AI and finance. We’re also grateful to have continued support from our early partners @sequoia, @firstround, @creandum who believed in us from the start, and excited about working with @oakhcft and @FogVentures. To the Rillet team, again - thank you for building with care, focus, and speed. To our customers - thank you for pushing us, trusting us, and helping shape the product. We are honored to serve you. Let’s go!

In my second @Waymo of the day and they really sandbag you on ETA huh? I’ve picked up >10 minutes on both rides. Not complaining but interesting product choice

The real question is how many different toys can be playing the Bluey theme song at once

First tweet ever. Hopefully the Series C won’t be the second. @_MomentHQ has raised a $36M Series B led by @indexventures to automate the $150T fixed income market. We're also announcing our partnership with LPL Financial, the largest broker-dealer in the U.S. Our team automated bond trading at Citadel and Jane Street - now we’ve assembled a world-class team to power every mission-critical workflow in fixed income. Thanks @PaigeSmithNews for the write-up in @business, and to @a16z, @lightspeedvp, @Venrock, @neo & @contrary for the continued support. And welcome, @janatindex to the board.

Gemini Live just helped me fix a kitchen cabinet in 30 seconds and I am in awe of both how good this technology has gotten and how hopeless I am at home improvement

Are AI startups actually growing faster than their pre-AI software peers? @omooretweets and I crunched the numbers and the answer is a resounding yes. Check out our analysis @a16z below 👇

We need more energy, manufacturing, and critical minerals for the next generation of American innovation. Transferable tax credits are absolutely essential for critical industries and 🇺🇸 competitiveness!

2024 photo dump

1/ Systems of record are the backbone of so many businesses–especially when they store valuable customer and prospect data (Salesforce does $35B a year in top line!). But AI is flipping the sales cycle on its head, redefining what it means to sell. CRMs and other sales tools can now have much more context, and context is what human beings use to make decisions. @joeschmidtiv and I break down what this means for the future of sales and software.