Campfire

Campfire is an AI-native ERP that wants scaling tech companies off NetSuite and QuickBooks, pairing a modern general ledger with a proprietary 'large accounting model' and an assistant called Ember.

What it does well. The traction is real rather than rhetorical: Accel led a $35 million Series A in June 2025 and co-led a $65 million Series B with Ribbit Capital roughly twelve weeks later, taking total funding past $100 million. Coverage consistently notes the clean interface, automated revenue recognition and fast implementations, with the vendor claiming go-lives in around eight weeks and customers closing in around three days rather than fifteen.

Where it falls short. Campfire covers core accounting and billing, not the project accounting, inventory depth or operational modules of a full ERP, so complex businesses will outgrow it or bolt tools around it. It is estimated to have a few hundred customers, a fraction of the incumbent base, and the close-speed and implementation figures are the vendor's own. NetSuite now publishes comparison pages against it, which signals threat and invites scrutiny in equal measure.

Best for. Series B to pre-IPO software companies with SaaS revenue models leaving QuickBooks or a lightly used NetSuite instance for AI-first accounting workflows.

Verdict. The most convincingly funded of the AI-native ERPs, provided your requirements stop at accounting and billing.