Particle.news
Download on the App Store
8 ARTICLES
·
6d ago

DualEntry Raises $90 Million to Advance AI-Native ERP With One-Day Data Migration

Investors tout AI as a way to cut ERP implementation costs in a market they peg at about $500 billion.

Image
Image
Image
DualEntry is using its $90M funding to build out its AI-powered ERP, designed to automate financial tasks and simplify implementation for businesses.

Overview

  • Lightspeed Venture Partners and Khosla Ventures led the Series A, with GV participating, valuing the New York startup at $415 million.
  • DualEntry says its NextDay Migration moves historical financial data from legacy systems in about 24 hours, contrasting with months-long traditional rollouts.
  • The company reports processing $100 billion worth of journal entries and counts customers from startups to a publicly listed firm.
  • Fresh funding will go toward expanding the roughly 40-person team, accelerating product development, and launching into international markets.
  • Founded in 2024 by Santiago Nestares and Benedict Dohmen, the AI-first platform targets mid-market firms that have outgrown entry-level tools like QuickBooks.