$90M for AI That Rebuilds Your Finance Stack Overnight

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Top 3 Things in Today’s Latestly AI Edition

• $90M for DualEntry: The AI startup that automates ERP migrations in 24 hours.

• AI Funding Boom: OpenAI hits $500B valuation as global VC inflows surge.

• ByteDance, Anthropic, and Mistral: Major new moves reshape the AI landscape.

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AI Story: DualEntry — $90M to Automate ERP Migration

Founder: Kevin Rhodes, ex-Oracle engineer

DualEntry is building AI that automates one of enterprise tech’s most painful tasks: migrating financial and ERP data from legacy systems.

Instead of six-month, error-prone transitions, DualEntry’s NextDay Migration uses AI agents to map, reconcile, and validate data in 24 hours.

• Raised $90M Series A valuing the startup at $415M

• Investors: Sequoia, Accel, and Insight Partners

• Now onboarding clients from manufacturing to fintech

How it works:

• Ingests legacy ERP schemas (SAP, NetSuite, Sage, Oracle)

• Creates a “mirror” AI-native schema optimized for analytics

• Runs consistency checks, reconciliation, and audit logs automatically

Lessons for founders:

• Solving high-friction, high-value bottlenecks beats chasing hype.

• Sell reliability first; enterprise pain points demand zero downtime.

• Reference customers are your biggest growth lever — migrations sell migrations.

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 Global AI News Highlights (Sept 30 – Oct 7)

🇺🇸 US & Canada

• OpenAI inks multibillion-dollar chip deal with AMD, including a 10% warrant stake.

• Modular raises $250M, becoming the top US inference-layer startup.

• VC report: AI accounts for 48% of all tech funding in Q3 — highest ever.

🇪🇺 Europe

• Black Forest Labs (Germany) finalizing $300M raise at ~$4B valuation.

• Cohere opens Paris office, expanding multilingual models for enterprise clients.

• UK Government to introduce AI Safety Bill by end of October.

🇨🇳 China

• ByteDance launches “Doubao AI”, a multimodal assistant inside Douyin.

• Baidu begins pilot of ERNIE Bot 5.0 for legal automation.

• Tencent Cloud announces new AI data centers in Chengdu and Shenzhen.

🇮🇳 India

• Kruti AI (by Ola) expands to 13 languages with new regional assistants.

• TrusTerra, AI marketplace for EVs, raises ₹9 crore pre-seed to scale.

• Infosys AI Retail Suite now live in 10 major Indian retailers.

🌍 Africa

• Rwanda AI Safety Lab partners with Meta for responsible AI workshops.

• Nigeria’s NairaMind expands its voice AI to 5 new banks.

• South Africa funds a national data-lake for AI agriculture models.

🌎 Latin America

• Ualá (Argentina) expands GPT chat explainers for credit & savings.

• Chile rolls out GPT tutors in 30,000 rural classrooms.

• Brazil’s Nuclea reports 35% reduction in fraud via GPT transaction scanning.

🇦🇺 Oceania

• Nakatomi (Australia) raises $3.5M for early-stage AI venture partnerships.

• Canva announces AI presentation tools for educators, debuting globally this week.

This Week’s Top 5 AI Startup Fundraising Rounds

Top 10 AI Unicorns — This Week’s Move

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