About
Campfire is an AI-native ERP replacing NetSuite for startups. Raised $100M+ total: $65M Series B (Oct 2025, Accel/Ribbit), $35M Series A (June 2025, Accel). 10x YTD revenue growth. Ember AI (Claude-powered) + L.A.M. (Large Accounting Model) achieves 95% reconciliation accuracy. Customers: Replit, PostHog, Decagon, Carbon Direct. 40 employees. Founded 2023, YC-backed.
Key Facts
- [1]Founded: Founded in 2023.
- [2]Funding: Total funding: $104M. Last round: Oct 2025. Stage: Growth.
- [3]Employees: Employee count: 1-10.
- [4]Website: Official website: campfire.co.
- [5]AI Technology: Core AI/ML technologies: Predictive ML.
- [6]Region: Region: Americas (United States).
Founder
Hiren Sheth
Founder & CEO
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Campfire?
Campfire is an AI-native ERP replacing NetSuite for startups. Raised $100M+ total: $65M Series B (Oct 2025, Accel/Ribbit), $35M Series A (June 2025, Accel). 10x YTD revenue growth. Ember AI (Claude-powered) + L.A.M. (Large Accounting Model) achieves 95% reconciliation accuracy. Customers: Replit, PostHog, Decagon, Carbon Direct. 40 employees. Founded 2023, YC-backed. Campfire is classified in the Enterprise Finance segment at the Applications layer of the financial AI stack.
Who founded Campfire?
Campfire was founded by Hiren Sheth (Founder & CEO) in 2023.
How much funding has Campfire raised?
Campfire has raised $104M in total funding, placing the company at the Growth stage. The most recent round closed in Oct 2025. Among 79 funded Enterprise Finance companies, Campfire ranks #29 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Campfire use?
Campfire primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Enterprise Finance segment, 58 companies use this technology.
What market segment does Campfire operate in?
Campfire operates in the Enterprise Finance market segment. AI enterprise finance companies are automating and enhancing the financial operations of businesses — from accounting and treasury management to financial planning, analysis, and corporate finance.
Who are Campfire's competitors?
Companies similar to Campfire in the Enterprise Finance space include Unit21 ($92M raised), Kaaj ($4M raised), Lendbuzz ($310M raised), Ramp ($2.3B raised), Brex ($1.5B raised). These companies operate in related areas of financial AI: Unit21 focuses on ai-powered fraud and aml platform. Kaaj focuses on agentic ai for small-business lending automation. Lendbuzz focuses on ai auto financing for underserved populations. (Based on AIFI Map classification data.)
What products does Campfire offer?
Campfire builds applications-layer solutions for the financial services industry. The company's core offering: AI-powered ERP replacement. The platform is powered by Predictive ML technology.