DualEntry was founded in 2024 by Benedict Dohmen and Santiago Nestares to rebuild the enterprise resource planning stack from the ground up around AI rather than bolting machine learning onto decades-old architectures. The founders argue that legacy ERP systems were designed for a pre-AI world and trap finance teams in repetitive manual work — coding journal entries, chasing reconciliations, and grinding through a slow month-end close.
The DualEntry platform offers a modern general ledger with AI agents woven through every workflow. According to the company, DualEntry AI automates roughly 90% of the manual tasks finance teams perform, letting controllers and accountants close the books dramatically faster. The system handles automated journal entry creation, reconciliation, close management, and financial reporting, surfacing exceptions for human review rather than requiring humans to do the rote work.
DualEntry positions itself squarely at the mid-market — companies that have outgrown entry-level accounting tools like QuickBooks but find traditional enterprise ERP implementations slow, rigid, and overbuilt. The platform emphasizes fast onboarding and an AI-first experience over the consultant-heavy rollouts that characterize legacy systems.
The company launched from stealth in October 2025 with a $90 million Series A led by Lightspeed Venture Partners and Khosla Ventures, with participation from GV (Google Ventures), Contrary, and Vesey Ventures. Including earlier financing, DualEntry has raised over $100 million in roughly 15 months. The company reports that its platform has already processed more than $100 billion worth of journal entries through AI automation and signed thousands of global users.
By reframing ERP as an AI-native category rather than a system of record with AI features added on, DualEntry is betting it can capture mid-market finance teams looking for software that does the work, not just records it.