DualEntry Secures $100M to Revolutionize ERP with AI for Finance

DualEntry, an innovative force in enterprise resource planning (ERP), has officially exited stealth mode, unveiling a substantial capital raise totaling $100 million over the past 15 months. This includes a robust $90 million Series A funding round. The company’s mission is to introduce groundbreaking artificial intelligence-native ERP software, specifically engineered to transform financial operations for businesses globally.

The Dawn of AI-Native ERP for Finance

The conventional landscape of ERP systems has long been characterized by manual, time-consuming processes that often hinder efficiency and strategic agility within finance departments. DualEntry is poised to disrupt this paradigm by offering an ERP solution built inherently with AI at its core. This foundational integration allows the platform to automate a staggering 90% of manual tasks, freeing finance teams from repetitive work and enabling them to focus on more strategic initiatives. This represents a significant leap forward from traditional systems that often layer AI capabilities as an afterthought rather than embedding them from inception.

Comprehensive Financial Management Redefined by AI

DualEntry’s AI-native ERP is designed to cater to businesses ranging from mid-market enterprises to those preparing for an initial public offering (IPO), ensuring scalability and adaptability. The platform provides a full spectrum of financial management functionalities, encompassing the general ledger, accounts receivable, accounts payable, live bank connections, and rigorous audit controls. This holistic approach ensures that all critical financial processes are integrated and streamlined within a single, intelligent ecosystem.

The power of DualEntry's ERP truly shines through its sophisticated AI features, which automate and optimize numerous accounting workflows. These include:

• Automated Bank Matching: Streamlining the reconciliation of bank statements with internal records.
• Flux Commentary: Generating insightful explanations for variances in financial data.
• AI Copilot: Providing intelligent assistance and suggestions for various financial tasks.
• Intercompany Allocations and Eliminations: Simplifying complex accounting procedures for multi-entity organizations.
• Enhanced Reconciliation: Expediting and improving the accuracy of ledger reconciliations.
• Auto-Suggestions: Offering predictive entries and classifications to accelerate data input.
• Anomaly Detection: Proactively identifying unusual transactions or patterns that may indicate errors or fraud.

These features collectively contribute to a more efficient, accurate, and strategically valuable finance function, reducing operational overhead and improving decision-making capabilities.

Rapid Adoption and Industry Validation

Despite launching just 18 months ago, DualEntry has already demonstrated remarkable traction in the market. Its platform has successfully processed an impressive $100 billion worth of journal entries, all powered by its AI automation capabilities. This rapid adoption underscores the urgent market demand for more intelligent and efficient ERP solutions.

With the fresh injection of capital, DualEntry is poised to accelerate the growth and further development of its platform. Santiago Nestares, Co-founder and CEO of DualEntry, emphasized the company's commitment to swift implementation: "We built DualEntry to get businesses of any size and complexity live in 24 hours, migrating their data quickly with AI-powered mapping — adding value from day one." This focus on rapid time-to-value is a critical differentiator in a market often plagued by lengthy and complex ERP deployments.

The latest funding round saw leadership from prominent venture capital firms, Lightspeed Venture Partners and Khosla Ventures, signaling strong investor confidence in DualEntry’s vision. Ravi Mhatre, partner and co-founder of Lightspeed Venture Partners, articulated this sentiment, stating that DualEntry is strategically positioned to "define the next generation of enterprise resource planning." He further added, "DualEntry has fundamentally reimagined ERP from the ground up for the AI age. The strong early adoption we’re seeing validates our thesis that the market is ready for this transformation."

Echoing this perspective, Vinod Khosla, founder of Khosla Ventures, highlighted the long-standing dominance of legacy ERP providers and the pressing need for innovation. He commented that DualEntry is building "the first truly AI-native ERP platform that completely changes what it means to do business operations in today’s world." This highlights the perceived disruption DualEntry is bringing to a market that has seen little foundational change in decades.

The Broader Trend of AI in Finance

DualEntry's success aligns with a broader industry shift towards leveraging AI and automation to enhance financial operations. A collaboration between PYMNTS Intelligence and Edenred Pay, documented in their report "From Back Office to Strategic Powerhouse: AP’s Transformation in 2025," revealed that automation is instrumental in empowering finance teams to boost overall performance through increased efficiency and productivity. The report also found that over one-third of middle-market firms are already utilizing AI for at least half of their accounts payable processes, indicating a growing acceptance and integration of AI in critical financial functions.

This trend underscores that AI is no longer a futuristic concept but a present-day imperative for businesses aiming to maintain a competitive edge. DualEntry’s fully integrated, AI-native approach addresses this demand head-on, offering a comprehensive solution that moves beyond piecemeal automation to deliver a truly transformed operational experience.

Conclusion

DualEntry’s successful emergence from stealth with significant funding marks a pivotal moment in the evolution of ERP software. By delivering an AI-native platform that automates core financial tasks, offers comprehensive features, and prioritizes rapid deployment, the company is set to redefine efficiency and strategic capability for finance teams. Backed by leading investors and validated by impressive early adoption, DualEntry is not just upgrading ERP; it is actively shaping the future of business operations in the artificial intelligence era.