{"version":1,"type":"story","url":"https://digestai.news/story/campfire-raises-100m-in-12-weeks-to-build-ai-native-erp-for-finance-te","json":"https://digestai.news/story/campfire-raises-100m-in-12-weeks-to-build-ai-native-erp-for-finance-te.json","markdown":"https://digestai.news/story/campfire-raises-100m-in-12-weeks-to-build-ai-native-erp-for-finance-te.md","slug":"campfire-raises-100m-in-12-weeks-to-build-ai-native-erp-for-finance-te","headline":"Campfire raises $100M in 12 weeks to build AI-native ERP for finance teams","summary":"Campfire, an AI-native enterprise resource planning (ERP) platform for finance and accounting, raised **$35 million in Series A** followed by **$65 million in Series B** in just **12 weeks**, totaling **$100 million**. The funding was led by **Accel** in both rounds, with **Ribbit** co-leading the Series B. Founder and CEO John Glasgow, who previously led strategic partnerships at **Bill.com** and guided **Invoice2go’s $625 million acquisition**, says the rapid raise reflects surging demand for AI-driven financial automation.\n\nCampfire’s platform, built from the ground up, retains **transaction-level detail** in its ledger—unlike legacy ERPs that rely on summarized entries. Its **Ember agents** automate tasks like reconciliation and transaction categorization, while **Forecast** separates financial data into **actuals, committed amounts, and AI-generated estimates** to improve forecasting accuracy. The company claims customers like **Replit** reduced their close time from **eight hours to 30 minutes** and saved over **$300,000** with AI assistance. Campfire now serves over **400 companies**, including **Cursor, Clay, Polymarket, and PostHog**, and has scaled its team from **10 to 150 employees** across San Francisco, New York, and London.","keyPoints":["Campfire raised **$100M in 12 weeks**—**$35M Series A** (Accel) and **$65M Series B** (Accel + Ribbit), totaling **$100M**","Platform uses **Ember agents** for reconciliation, categorization, and **Forecast** splits financial data into **actuals, committed, and AI-estimated** layers","Customers like **Replit** cut close time from **8 hours to 30 minutes** and saved **$300K+** with AI automation"],"whyItMatters":"Campfire’s AI-native ERP challenges legacy platforms like NetSuite and Sage Intacct by automating repetitive finance tasks while maintaining transparency. Its hybrid pricing model—balancing seat costs with AI usage—could reshape enterprise AI spending, especially as finance teams adopt variable AI budgets.","category":{"slug":"enterprise","name":"Enterprise & Industry","url":"https://digestai.news/category/enterprise"},"entities":{"companies":["Campfire","Invoice2go","Bill.com","NetSuite","Sage Intacct","QuickBooks"],"models":[],"people":["John Glasgow"]},"firstPublishedAt":"2026-11-03T17:14:21Z","updatedAt":"2026-11-03T17:14:21Z","sourceCount":1,"hasPrimarySource":false,"sources":[{"outlet":"Unite.AI","title":"John Glasgow, CEO, CFO, and Founder of Campfire","url":"https://unite.ai/john-glasgow-ceo-cfo-and-founder-of-campfire-interview-series","publishedAt":"2026-11-03T17:14:21Z","type":"press","primary":false,"lead":true}],"sourceNotes":null,"discussions":[],"thread":null,"cite":{"text":"Digest AI, \"Campfire raises $100M in 12 weeks to build AI-native ERP for finance teams\", 3 November 2026, https://digestai.news/story/campfire-raises-100m-in-12-weeks-to-build-ai-native-erp-for-finance-te","publisher":"Digest AI","title":"Campfire raises $100M in 12 weeks to build AI-native ERP for finance teams","datePublished":"2026-11-03T17:14:21Z","url":"https://digestai.news/story/campfire-raises-100m-in-12-weeks-to-build-ai-native-erp-for-finance-te"},"generatedBy":"Written by Digest AI's editorial model from the linked sources; the sources are the record.","license":"Headlines, digests and key points are written by Digest AI and may be quoted with a link to the story page. Linked articles belong to their publishers. Terms: https://digestai.news/terms#reuse"}