DualEntry Secures $90M to Revolutionize ERP with AI
October 4, 2025, 9:36 am
Location: United States, California, Menlo Park
Employees: 51-200
Founded date: 2000
DualEntry secures $90M Series A funding, led by Lightspeed and Khosla Ventures. This NYC-based AI-native ERP platform targets the mid-market, aiming to disrupt the $500 billion legacy enterprise resource planning sector. DualEntry redefines financial management with integrated AI, offering automated accounting, rapid 'NextDay Migration,' and a comprehensive suite. It streamlines operations from general ledger to FP&A, supporting multi-entity, multi-currency needs. The platform has processed $100 billion in journal entries. Funds will fuel product development, team expansion, and international growth, ushering in a new era of intelligent, efficient finance operations for businesses globally.
A significant investment reshapes the enterprise software landscape. DualEntry, an AI-native ERP platform headquartered in New York City, has closed a $90 million Series A funding round. This capital infusion signals a major shift in how businesses manage their finances. The round saw participation from prominent investors, including Lightspeed Venture Partners and Khosla Ventures as lead investors. GV (Google Ventures), Contrary, and Vesey Ventures also joined. This brings DualEntry's total funding to over $100 million in just 15 months. The company is now valued at $415 million, highlighting strong investor confidence in its disruptive potential.
The Enterprise Resource Planning (ERP) market is vast. It is also ripe for innovation. Legacy ERP systems, primarily Oracle's NetSuite, Sage Group, and Acumatica, dominate this $500 billion sector. These traditional platforms are robust. They handle complex financial transactions, performance tracking, and audit compliance. However, they come with significant drawbacks. Implementation is often lengthy and expensive. Maintenance costs soar. Automation remains a challenge. These older systems, designed pre-cloud, struggle to integrate modern AI capabilities effectively.
DualEntry aims to rip out these legacy systems. Its core mission is to bring artificial intelligence automation directly into financial management and accounting. The company offers an alternative foundation for ERP software. It fundamentally redesigns the entire category for a new automation era. Existing ERP vendors often try to layer AI onto outdated architecture. DualEntry builds AI from the ground up, making it an integral part of its platform. This approach drastically reduces repetitive manual work for finance teams.
A key differentiator for DualEntry is its rapid implementation. Traditional ERP migrations can take months. They often require numerous expensive consultants. DualEntry offers a "NextDay Migration" tool. This AI-powered solution maps and transfers a company's historical financial data within 24 hours. It streamlines a process historically plagued by delays and costs. This quick setup is critical for mid-market companies. They need advanced capabilities but fear the complexity of traditional ERP transitions.
DualEntry's platform offers a complete ERP accounting suite. This includes general ledger, accounts receivable, accounts payable, and live bank connections. It provides comprehensive audit controls and financial planning and analysis (FP&A) tools. The system supports multi-entity, multi-book, and multi-currency accounting. It scales with businesses from the mid-market straight through to IPO. No add-ons or external IT support calls are needed. This integrated approach simplifies financial operations.
The power of DualEntry lies in its "Accounting Intelligence" (AI) features. These capabilities automate numerous accounting workflows. Examples include bank matching, flux commentary, and copilot functionality. Intercompany allocations and eliminations are automated. Reconciliation and auto-suggestions become seamless. Anomaly detection proactively identifies issues. The company's in-house accountants developed these features. They ensure practical application and direct impact on efficiency. These tools give finance teams valuable time back.
Connectivity is crucial for modern finance. DualEntry integrates with over 13,000 systems. These span banking, accounts receivable, accounts payable, customer relationship management (CRM), and human resources information systems (HRIS). This extensive integration capability pulls siloed data into a single source of truth. Finance teams can abandon fragmented spreadsheets. They gain real-time dashboards and visualizations. This provides a unified view of financial health.
The impact is already measurable. DualEntry's system has processed $100 billion worth of journal entries using AI automation. It has saved businesses thousands of hours on implementation and data migration. Thousands of global users are already leveraging the platform. These range from companies with $5 million in revenue to NYSE-listed enterprises generating hundreds of millions in annual recurring revenue (ARR). These early successes validate DualEntry's disruptive model.
DualEntry plans to use its new funding strategically. The company will expand its 40-person team. This growth will accelerate product development. It will also support international expansion initiatives. The goal is to bring AI-native ERP solutions to a wider global market. The current ERP landscape is not designed for the AI-driven economy. Many businesses feel trapped by outdated systems. DualEntry offers a clear path forward.
The financial world is undergoing a digital transformation. AI-native ERP platforms like DualEntry are at the forefront. They promise unprecedented efficiency, accuracy, and automation for financial operations. This investment signals a turning point. It highlights the market's readiness for a fundamental reimagining of enterprise financial management. The era of intelligent accounting has arrived.
A significant investment reshapes the enterprise software landscape. DualEntry, an AI-native ERP platform headquartered in New York City, has closed a $90 million Series A funding round. This capital infusion signals a major shift in how businesses manage their finances. The round saw participation from prominent investors, including Lightspeed Venture Partners and Khosla Ventures as lead investors. GV (Google Ventures), Contrary, and Vesey Ventures also joined. This brings DualEntry's total funding to over $100 million in just 15 months. The company is now valued at $415 million, highlighting strong investor confidence in its disruptive potential.
The Enterprise Resource Planning (ERP) market is vast. It is also ripe for innovation. Legacy ERP systems, primarily Oracle's NetSuite, Sage Group, and Acumatica, dominate this $500 billion sector. These traditional platforms are robust. They handle complex financial transactions, performance tracking, and audit compliance. However, they come with significant drawbacks. Implementation is often lengthy and expensive. Maintenance costs soar. Automation remains a challenge. These older systems, designed pre-cloud, struggle to integrate modern AI capabilities effectively.
DualEntry aims to rip out these legacy systems. Its core mission is to bring artificial intelligence automation directly into financial management and accounting. The company offers an alternative foundation for ERP software. It fundamentally redesigns the entire category for a new automation era. Existing ERP vendors often try to layer AI onto outdated architecture. DualEntry builds AI from the ground up, making it an integral part of its platform. This approach drastically reduces repetitive manual work for finance teams.
A key differentiator for DualEntry is its rapid implementation. Traditional ERP migrations can take months. They often require numerous expensive consultants. DualEntry offers a "NextDay Migration" tool. This AI-powered solution maps and transfers a company's historical financial data within 24 hours. It streamlines a process historically plagued by delays and costs. This quick setup is critical for mid-market companies. They need advanced capabilities but fear the complexity of traditional ERP transitions.
DualEntry's platform offers a complete ERP accounting suite. This includes general ledger, accounts receivable, accounts payable, and live bank connections. It provides comprehensive audit controls and financial planning and analysis (FP&A) tools. The system supports multi-entity, multi-book, and multi-currency accounting. It scales with businesses from the mid-market straight through to IPO. No add-ons or external IT support calls are needed. This integrated approach simplifies financial operations.
The power of DualEntry lies in its "Accounting Intelligence" (AI) features. These capabilities automate numerous accounting workflows. Examples include bank matching, flux commentary, and copilot functionality. Intercompany allocations and eliminations are automated. Reconciliation and auto-suggestions become seamless. Anomaly detection proactively identifies issues. The company's in-house accountants developed these features. They ensure practical application and direct impact on efficiency. These tools give finance teams valuable time back.
Connectivity is crucial for modern finance. DualEntry integrates with over 13,000 systems. These span banking, accounts receivable, accounts payable, customer relationship management (CRM), and human resources information systems (HRIS). This extensive integration capability pulls siloed data into a single source of truth. Finance teams can abandon fragmented spreadsheets. They gain real-time dashboards and visualizations. This provides a unified view of financial health.
The impact is already measurable. DualEntry's system has processed $100 billion worth of journal entries using AI automation. It has saved businesses thousands of hours on implementation and data migration. Thousands of global users are already leveraging the platform. These range from companies with $5 million in revenue to NYSE-listed enterprises generating hundreds of millions in annual recurring revenue (ARR). These early successes validate DualEntry's disruptive model.
DualEntry plans to use its new funding strategically. The company will expand its 40-person team. This growth will accelerate product development. It will also support international expansion initiatives. The goal is to bring AI-native ERP solutions to a wider global market. The current ERP landscape is not designed for the AI-driven economy. Many businesses feel trapped by outdated systems. DualEntry offers a clear path forward.
The financial world is undergoing a digital transformation. AI-native ERP platforms like DualEntry are at the forefront. They promise unprecedented efficiency, accuracy, and automation for financial operations. This investment signals a turning point. It highlights the market's readiness for a fundamental reimagining of enterprise financial management. The era of intelligent accounting has arrived.