Takeaways by Saasverse AI
- DualEntry | Series A | $90 Million | AI-Native ERP Solutions
- Led by Lightspeed Venture Partners and Khosla Ventures, with participation from GV, Contrary, and Vesey Ventures.
- Valued at $415 million, the company aims to redefine financial management with AI-powered ERP platforms, targeting mid-market enterprises.
New York-based AI-native ERP platform DualEntry, officially registered as Entry Inc., has closed a $90 million Series A funding round, bringing its valuation to $415 million. The round was co-led by Lightspeed Venture Partners and Khosla Ventures, with additional backing from GV (Google Ventures), Contrary, and Vesey Ventures. This funding elevates DualEntry’s total capital raised to over $100 million as the company officially launches its groundbreaking AI-driven ERP platform, targeting the financial management and accounting software sector.
DualEntry is pioneering an entirely AI-native ERP system, designed from the ground up to automate and optimize financial workflows. The platform has already processed over $100 billion in accounting entries via AI automation, saving enterprises thousands of hours in implementation and data migration time. Its hallmark feature, the "NextDay Migration" tool, utilizes AI mapping technology to complete historical financial data migrations within 24 hours—a process that typically takes several months using traditional ERP systems. This innovation positions DualEntry as a frontrunner in addressing the inefficiencies of existing ERP solutions.
With thousands of global users ranging from $5 million-revenue SMBs to multi-hundred-million-dollar public companies on the NYSE, DualEntry’s platform offers a full suite of ERP accounting solutions. These include general ledger, accounts receivable/payable, real-time bank connectivity, audit controls, and FP&A capabilities. The system is scalable, supporting multi-entity, multi-ledger, and multi-currency accounting, capable of growing alongside businesses from mid-market operations to IPO stages—all without requiring third-party plugins or extensive IT support.
DualEntry’s target demographic includes mid-market businesses that have outgrown QuickBooks but remain hesitant to transition to traditional ERP systems due to their complexity and resource demands. Leveraging its advanced AI capabilities, DualEntry automates accounting workflows such as bank reconciliations, variance analysis, inter-company allocations, reconciliations, and anomaly detection. Additionally, the platform offers seamless integration with over 13,000 systems, including major banks, AR/AP platforms, CRMs, and HRIS solutions, enabling a unified and synchronized single source of truth for enterprise finance teams.
“ DualEntry is tackling one of the most entrenched software markets with a fresh approach, leveraging AI to eliminate the pain points that have long plagued traditional ERP systems. By delivering rapid data migration and automating repetitive workflows, the company aligns itself perfectly with the growing demand for agility and efficiency in financial management. This funding round underscores investor confidence in the market potential of AI-native ERP solutions, ” Saasverse Analyst comments.
Saasverse Insights
The rise of AI-native platforms like DualEntry signals a broader shift in how enterprise software is being architected and delivered. With traditional ERP systems often criticized for their rigidity and implementation complexity, AI-driven solutions that focus on automation and scalability are likely to gain traction, especially among mid-market enterprises. DualEntry’s success could accelerate the adoption of AI-first solutions in other segments of the enterprise software market, creating opportunities for startups and established players alike to rethink their product strategies. However, competitive risks from incumbents adapting to this trend could also intensify in the coming years.