DualEntry, an AI-native enterprise resource planning (ERP) platform, has launched from stealth to tackle the legacy ERP market with the first platform built from the ground up with AI. The company also announced it has raised $90 million Series A led by Lightspeed Venture Partners and Khosla Ventures with participation from GV (Google Ventures), Contrary, and Vesey Ventures. Co-founded by Santiago Nestares, DualEntry has raised more than $100 million in total within 15 months to develop the first ERP platform built entirely with artificial intelligence. The system has already processed $100 billion in journal entries through automated workflows and is used by thousands of organizations ranging from startups to publicly traded companies.
Santiago Nestares, Co-Founder and CEO of DualEntry, stated, “We built DualEntry to get businesses of any size and complexity live in 24 hours, migrating their data quickly with AI-powered mapping.” Ravi Mhatre, Partner at Lightspeed Investors, commented, “The ERP market represents a $500 billion opportunity that has remained largely unchanged for decades, leaving businesses trapped with legacy systems that weren't designed for today's AI-driven economy. DualEntry has fundamentally reimagined ERP from the ground up for the AI age.” Vinod Khosla, Founder of Khosla Ventures, added that a truly AI-native system could significantly reduce the need for staffing and consultants while enabling daily trial closes.
