Accrual vs Rillet
Side-by-side comparison of AI visibility scores, market position, and capabilities
Launched with $75M led by General Catalyst (Feb 2026). H&R Block and Armanino on day one. AI-native accounting and tax prep platform incubated inside General Catalyst.
About
Accrual is an AI-native accounting and tax automation platform that launched in February 2026 with $75 million in financing led by General Catalyst's Creation fund — an incubation vehicle that develops companies inside General Catalyst before spinning them out with external funding. The company launched with an enterprise customer roster already in place, including H&R Block and Armanino, giving it immediate revenue and distribution that typical early-stage startups lack.
Raised $70M Series B co-led by Andreessen Horowitz and ICONIQ in August 2025, doubling ARR over 12 weeks and signing 200+ customers as an AI-native replacement for legacy ERP accounting software.
About
Rillet is an AI-native ERP built for modern finance teams that automates the full accounting cycle — from transaction ingestion and reconciliation to close and reporting — without the manual spreadsheet work required by legacy systems like NetSuite and Sage Intacct. The platform was designed by accountants for accountants, with AI agents that learn each company's financial structure and automate repetitive month-end tasks. Rillet raised over $100M in under a year, including its Series A and B rounds, backed by a16z and ICONIQ.
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