Freehand Raises $75 Million in Funding to Expand AI Agents for Supply Chain Spend Management
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Freehand Secures $75 Million in Funding
AI startup Freehand has raised $75 million in funding to expand its autonomous AI platform for enterprise supply chain spend management.
The round was co-led by Battery Ventures and NewRoad Capital Partners.
Founded by Abhijeet Manohar and Nitin Jayakrishnan, Freehand develops AI agents that automate supply chain spend management for enterprise customers.
Building AI Agents for Enterprise Procurement
Freehand's platform uses autonomous AI agents to help enterprises manage supply chain spending and procurement workflows.
The company's technology is designed to improve operational efficiency by automating key spend management processes across enterprise supply chains.
According to the company, its AI agents enable organizations to streamline procurement operations while providing greater visibility into enterprise spending.
Expanding Enterprise Deployments
Freehand said it will use the newly raised capital to expand enterprise deployments of its AI-powered supply chain spend management platform.
The investment supports the company's strategy of scaling its AI agent technology to serve more enterprise customers and strengthen automation across procurement and supply chain operations.
