Enterprise resource planning (ERP) systems are often described as a company\u2019s \u201ccentral brain\u201d because the software connects different departments \u2014 including finance, HR, and inventory \u2014 into a single database where everyone shares the same information.<\/p>\n
In recent years, a new crop of AI-powered ERP startups, such as Rillet and Campfire, has emerged hoping to replace legacy offerings like NetSuite. These companies claim that traditional ERPs are clunky, expensive, and time-consuming to implement.<\/p>\n
However, according to Doss co-founder and CEO Wiley Jones, many new AI ERPs lack robust inventory management, the process of ensuring that the data on physical goods remains synced with the accounting ledger.<\/p>\n
Doss claims to solve this by providing an AI-native inventory management layer that integrates with existing accounting systems, whether traditional ERPs or ones built by AI-based startups.<\/p>\n
On Tuesday, Doss announced that it raised a $55 million Series B co-led by Madrona and Premji Invest, with participation from Intuit Ventures. Other new and existing inventors in the round include Theory Ventures, General Catalyst, Contrary Capital, and Greyhound Capital.<\/p>\n
Doss, founded in 2022, originally focused on a core accounting product similar to those offered by AI-native startups like Rillet and Campfire. But last year, the startup decided instead of competing with these companies, \u201cwe would rather partner with them, and play a different game,\u201d Jones told TechCrunch.<\/p>\n
Jones explained that AI-native ERP companies manage accounts receivable, accounts payable, and other finance functions, but most don\u2019t offer procurement and inventory management that integrates with accounting workflows.<\/p>\n
Techcrunch event<\/p>\n
\n\t\t\t\t\t\t\t\t\tSan Francisco, CA
\n\t\t\t\t\t\t\t\t\t\t\t\t\t|
\n\t\t\t\t\t\t\t\t\t\t\t\t\tOctober 13-15, 2026\n\t\t\t\t\t\t\t<\/p>\n
\u201cWe\u2019re building a lot of the traceability for the supply chain, but through the lens of plugging into a finance and accounting partner,\u201d Jones said.<\/p>\n
The company\u2019s main partners include Rillet and Campfire. Many clients also use Doss in conjuction with Intuit\u2019s QuickBooks.<\/p>\n
\u201cThe reason that they work with us is that [physical goods management] is not something that they\u2019re likely going to build as a core competency without putting in a lot of energy and effort,\u201d Jones said.<\/p>\n
Doss\u2019 core customer base consists of mid-market consumer brands, typically generating between $20 million and $250 million in top-line revenue. One such customer is Verve Coffee Roasters, a high-end specialty coffee brand.<\/p>\n