Campfire Secures $35M Series A to Disrupt Legacy ERP with AI-Native Platform
Campfire raised $35 million in Series A funding led by Accel to build an AI-native ERP platform that uses Anthropic's Claude models to help finance teams automate processes and disrupt legacy systems from Oracle, SAP, and NetSuite.
AI-driven enterprise software startup Campfire has raised $35 million in Series A funding led by Accel, signaling a major shift in the trillion-dollar ERP market dominated by legacy players like Oracle, SAP, and NetSuite.
Founded by CEO John Glasgow, who previously led Invoice2go's $625M sale to Bill.com, Campfire is building an AI-first enterprise resource planning platform designed for modern finance teams. The company's standout feature is Ember AI, a conversational interface powered by Anthropic's Claude models that enables natural language interaction with financial data, automated reporting, and streamlined manual processes.
The platform has already attracted notable customers including Replit, Trust & Will, and Coder, with users reporting significant cost savings and faster implementation times. Brian Ehrlich from Flex noted that Campfire saved over $300K in implementation costs while enabling book closure just three weeks after signing.
With participation from Foundation Capital, Y Combinator, and angel investors including CFOs from Vercel, Mercury, and former executives from Atlassian and MongoDB, this funding round positions Campfire to accelerate product development and expand globally as traditional ERP systems struggle to meet modern business demands.
Ellie Ramirez-Camara is the News Editor at Data Phoenix, where she writes the daily AI newsdesk — covering model releases, research, funding rounds, and policy across the AI and machine-learning industry. She tracks announcements from labs and startups alike and distills them into clear, source-linked reporting for practitioners.
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