Campfire, an AI-native ERP platform launched in 2023, has secured $35 million in Series A funding led by Accel. The funding aims to fuel product development, expand GenAI capabilities, and broaden its reach. Campfire is designed to replace traditional ERP systems like NetSuite, by offering a unified platform that integrates ERP, PLM, and CRM. Its AI, Ember AI, automates tasks and provides real-time insights through natural language queries.
Campfire's platform targets modern finance and accounting teams, offering features like a general ledger, revenue automation, and close management. The company's AI-first approach helps finance teams accelerate monthly closes, gain deeper financial insights, and make smarter decisions. Some customers have reported a reduction in their monthly financial close from 15 days to just three days after adopting Campfire.
Campfire's platform has attracted over 100 customers, including Advisor360, Rhumbix, and Fooji. The company's early adoption by significant businesses made it a compelling opportunity for investment. Campfire's platform scales from 50-employee startups to Fortune 500 firms.
