Artificial Intelligence startup DualEntry has raised $90 million in Series A funding to revolutionize the enterprise resource planning (ERP) space, long dominated by legacy players like Oracle NetSuite, Sage, and Acumatica. The round was led by Lightspeed Venture Partners and Khosla Ventures, with participation from GV (Google Ventures), valuing the New York-based company at $415 million.
Founded just a year ago, DualEntry is already gaining traction by targeting mid-market firms looking for a faster, more agile alternative to legacy ERP platforms.
What Sets DualEntry Apart: “NextDay Migration”
At the heart of DualEntry’s pitch is its AI-native platform that automates complex financial workflows. Its standout feature — “NextDay Migration” — promises to transfer a company’s historical financial data from old systems into DualEntry’s infrastructure within 24 hours. This drastically reduces the months-long, high-cost migration process that traditional ERP solutions require.
The solution appeals to companies that have outgrown basic accounting platforms like QuickBooks but are hesitant to embark on lengthy ERP overhauls. With DualEntry, CFOs and finance teams can be operational in a fraction of the time.
Replacing Consultants With Code
DualEntry’s approach eliminates the need for networks of high-cost third-party implementation consultants. Instead, its AI engine handles the heavy lifting, automating everything from data validation to system mapping — a process that previously demanded human oversight.
Santiago Nestares, DualEntry’s CEO, told Reuters that his own frustrating experience with legacy ERP migration inspired him to build something radically faster and more efficient. “We built this platform to help businesses go live in 24 hours, not 24 weeks,” he said.
Fuel for Global Expansion
The new funding will be used to scale product development, grow the current 40-person team, and expand internationally. The company has already signed up a mix of startup and publicly listed clients, showing broad market interest in modernized ERP.
Investors are optimistic about DualEntry’s opportunity in the $500 billion ERP market — a space ripe for disruption. “By training AI to act like data consultants, DualEntry is solving a complex problem with real impact,” said Ravi Mhatre, partner at Lightspeed.
The ERP Market’s Inflection Point
As accounting talent shortages grow and companies seek more agile financial operations, platforms like DualEntry are well positioned to redefine ERP as not just a system of record, but as a driver of efficiency, speed, and automation.
