Doss Raises $55M Series B for AI Operations Cloud
Doss, a San Francisco-based provider of Adaptive ERP and Operations Cloud, has raised $55M in Series B funding co-led by Madrona and Premji Invest. The platform unifies procurement, inventory, orders, fulfillment, and finance with composable architecture, no-code customization, real-time data, and AI copilot Dossbot. The capital will accelerate AI-native features, hiring, and partnerships.
AI Supply Chain Funding Heats Up
The raise follows Didero securing $30M weeks earlier for agentic procurement. NetSuite recently rolled out AI ERP updates amid this shift. Doss positions as an inventory layer integrating with AI finance tools like Rillet and Campfire, avoiding full ERP replacements.
Rigid ERPs Stall Mid-Market Growth
Mid-market physical goods firms scaling $10M-$100M revenue rely on spreadsheets or rigid ERPs with 75% implementation failure rates per industry benchmarks. Supply chain disruptions demand real-time visibility, but legacy systems require years to deploy and resist customization. Procurement-to-finance workflows fragment, costing hours weekly in manual reconciliation.
ARP Replaces Legacy ERP Rigidity
Doss's Adaptive Resource Platform (ARP) uses a flexible schema and graph-based data model for modular apps deployable in weeks. Dossbot AI copilot handles queries, automation, and changes via chat, enabling agentic workflows. Unlike Acumatica's traditional cloud ERP or Odoo's dev-heavy customization, ARP unifies operations natively for consumer goods and manufacturing.
As Wiley Jones, co-founder and CEO, told TechCrunch:
"I think it’s going to be a very intense fight inside of mid-market that ultimately will be determined by whoever rebuilds their architecture to be most legible and usable for agents."
Customers like Verve Coffee save 20+ hours/week, while Mezcla doubled PO processing speed.
Investors Signal ERP Rearchitecture
Madrona and Premji Invest co-led the $55M round, bringing total funding to $73M after $18M Series A in April 2025. New backers include Intuit Ventures, Greyhound Capital, and Commerce Ventures; Karan Mehandru of Madrona joins the board. This mix validates Doss's pivot to AI inventory syncing physical ops with ledgers, targeting $20M-$250M revenue brands.
$106B ERP Market Eyes AI Shift
The ERP market spans $106B with 12% CAGR, driven by AI integration and cloud migration. Competitors like Acumatica raised $48M, Odoo $483M, while Cin7 and Fulfil.io pursue narrower inventory plays. Inventory management alone projects $2.7B in 2026 to $9.4B by 2036 at 13.2% CAGR.
Founders Draw from Ops Pain Points
Co-founders Wiley Jones (ex-Athelas Head of Product, Verkada hardware) and Arnav Mishra (ex-Rubrik engineer) built ARP after witnessing inventory chaos in physical products. Hires like VP Sales ex-NetSuite and Head of People ex-Duolingo bolster GTM and scale. Their hardware-to-software path equips Doss to solve real-world supply chain pains legacy ERPs ignore.
Hypergrowth Hiring Accelerates Roadmap
Post-raise, Doss opened an 18,500 sq ft San Francisco office and added 38 hires in eight months, including VP Sales ex-NetSuite/Coupa and platform engineers ex-Meta/Lyft. Phase 2 rolls out agentic git management, proprietary HTAP database, and distributed workflows. Partnerships with Campfire and Rillet enable real-time ops-to-GL sync for CPG brands like OLIPOP.