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AI Startup DualEntry Raises $90 Million to Challenge ERP Giants

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New York-based AI startup DualEntry has raised $90 million in a Series A funding round led by Lightspeed Venture Partners and Khosla Ventures, aiming to shake up the entrenched enterprise resource planning (ERP) software market long ruled by heavyweights such as Oracle NetSuite, Sage, and Acumatica.

GV (Google Ventures) also joined the round, valuing the year-old company at $415 million — a sign of investors’ growing appetite for AI-driven enterprise tools that streamline operations and eliminate long-standing inefficiencies in business management systems.

REVOLUTIONIZING ERP MIGRATIONS

DualEntry’s main product is an AI-native ERP platform designed to automate financial workflows and drastically reduce the time and cost of system migrations. Its flagship capability, called “NextDay Migration,” can reportedly transfer a company’s historical financial data from legacy systems to DualEntry’s platform within 24 hours, compared to the months-long implementations typical in traditional ERP setups.

The company’s strategy targets mid-sized businesses — firms that have outgrown entry-level tools like QuickBooks but lack the resources or appetite for expensive, complex ERP overhauls.

“The process of moving to a traditional ERP can be clunky, expensive, and painful,” said CEO Santiago Nestares, who founded DualEntry after struggling with ERP migration in his previous company. “We built a platform that gets businesses live in 24 hours.”

RAPID GROWTH AND INVESTOR CONFIDENCE

Since its launch, DualEntry has attracted a diverse customer base — from startups to publicly listed companies — and plans to use the new funding to expand its 40-person team, accelerate product development, and scale internationally.

Lightspeed partner Ravi Mhatre said DualEntry’s approach replaces armies of consultants with automation:

“It takes an understanding of how complex ERP migration really is, and training AI to act as the data consultants that would normally handle the process. That drastically accelerates everything.”

A $500 BILLION MARKET RIPE FOR CHANGE

Analysts estimate the global ERP market is worth $500 billion, yet innovation has stagnated since the industry’s transition from on-premise to cloud systems. Many legacy providers still depend on third-party consultants charging by the hour, creating a slow and costly adoption cycle.

DualEntry’s model aims to disrupt that structure — not only by cutting costs but by enabling companies to deploy systems in days rather than quarters. With automation and AI at its core, investors say the startup is tapping into both the digital transformation wave and a looming talent shortage in accounting and financial operations.

If successful, DualEntry could redefine how businesses approach ERP — turning a process notorious for frustration and downtime into one measured in hours instead of months.

Oracle to Offer Elon Musk’s Grok 3 AI Model to Enterprise Customers

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Oracle announced on Tuesday that it will integrate Grok 3, the latest large language model developed by Elon Musk’s xAI, into its cloud infrastructure portfolio for corporate clients, expanding its AI offerings alongside models from Meta, Mistral, and Cohere.

Grok 3, which debuted in February 2025, was previously available to premium subscribers on Musk’s X platform and to developers through xAI. Now, Oracle Cloud Infrastructure (OCI) will host the model in its data centers, allowing business users to run Grok 3 with full enterprise-grade security and data residency protections.

“Our goal here is to make sure we can provide a portfolio of models — we don’t have our own,” said Karan Batta, Oracle’s Senior VP of Cloud Infrastructure. “That’s the current strategy. We are going to be the one that offers all of them.”

This collaboration aligns with Oracle’s strategy of being a multi-model platform, enabling clients to integrate a variety of AI systems into their enterprise workflows without compromising on data sovereignty or compliance requirements.

What It Means for the Market

  • Grok 3, which competes with models from OpenAI and DeepSeek, will now be accessible to companies who prefer Oracle’s security and compliance environment.

  • Oracle’s move reflects rising demand from businesses seeking access to cutting-edge AI models without having to rely on public-facing APIs that may expose sensitive data.

This announcement follows broader trends of cloud providers forming strategic partnerships with AI startups to diversify their AI ecosystems, especially as businesses become more discerning about how and where their data is processed.

Microsoft Expands AI Model Options for 365 Copilot, Aims to Reduce Costs

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Microsoft is reportedly working to incorporate both internal and third-party artificial intelligence (AI) models into its flagship product, Microsoft 365 Copilot, in a strategic move to diversify beyond its current dependency on OpenAI technology. Sources familiar with the project revealed that this effort is aimed at improving cost efficiency, speed, and overall performance for enterprise users.

Since the launch of 365 Copilot in March 2023, Microsoft has relied heavily on OpenAI’s GPT-4 model, touting its advanced capabilities as a key feature. However, concerns over cost and scalability have driven the tech giant to explore alternatives. These include developing its own smaller AI models, such as Phi-4, and customizing open-weight models to enhance the efficiency and affordability of 365 Copilot.

A Microsoft spokesperson emphasized the company’s continued collaboration with OpenAI for frontier models, but noted that the company integrates “various models from OpenAI and Microsoft depending on the product and experience.” OpenAI declined to comment on these developments.

One of the primary goals of this diversification is to lower operational costs, which could translate into savings for end users, according to insiders. The efforts are being closely monitored by Microsoft leadership, including CEO Satya Nadella, highlighting the strategic importance of this initiative.

Microsoft’s approach mirrors recent trends in its other business units. GitHub, acquired by Microsoft in 2018, introduced models from Anthropic and Google in October 2023 as alternatives to OpenAI’s GPT-4 for its coding assistant. Similarly, Microsoft’s consumer chatbot Copilot now integrates both in-house models and OpenAI technology.

Despite Microsoft’s push for 365 Copilot, adoption has faced challenges. Gartner reported in August that most companies had not moved beyond the pilot phase of their 365 Copilot implementations. Pricing and utility remain key concerns for enterprises. However, there are positive signals, with BNP Paribas Exane analysts forecasting that Microsoft could reach over 10 million paid users of 365 Copilot this year. Furthermore, Microsoft noted in November that 70% of Fortune 500 companies are already using the product.

As Microsoft continues to refine 365 Copilot’s capabilities and explore more cost-effective AI solutions, its efforts reflect a broader industry trend of reducing reliance on any single AI provider while maximizing efficiency and scalability.