AI-native ERP systems: nearly half a billion dollars invested in a year, from Campfire to Rillet

Campfire, Rillet, Basis, Numeral or Bretton AI: finance and accounting software designed for AI agents is attracting major investment funds, whilst established software providers are opening up their data to Claude and ChatGPT.

Investors have injected nearly $500 million in just over a year into the software packages (ERP) originally designed for AI, says Daniel Kivatinos, co-founder of Loopfour and DrChrono. Campfire completed a series B of 65 million led by Accel and Ribbit, while Rillet raised more than 100 million in less than a year from Sequoia, Andreessen Horowitz and ICONIQ. Basis, which designs agents for accounting firms, is valued $1.15 billion, and Ramp $44 billion.

Platforms open to assistants

Around these ERPs, specialized actors structure themselves: Numeral, valued 350 million, automates the sales tax, and Bretton AI raised 75 million for compliance agents for banks. The installed publishers are also changing their strategy, opening their APIs to the assistants rather than retaining the user in their interface: Intuit integrated QuickBooks into ChatGPT in an agreement of more than $100 million, Xero signed a multi-year partnership with Anthropic, and Salesforce introduced Claudeforce in August.

According to the author, only 5 to 10% of the potential value of AI would now be exploited in the finance function.