Freehand Raises $75M to Expand AI Platform for Enterprise Supply Chain Operations
· Source: citybiz.co
In short
San Francisco-based Freehand has raised $75 million in a funding round co-led by Battery Ventures and NewRoad Capital Partners, with participation from Penny Pritzker's PSP Growth, Nexus Venture Partners and others. The company's AI platform automates procurement and accounts payable tasks such as contract review, supplier negotiation, invoice processing and payment reconciliation. Early deployments at customers including Meta, Unilever, Johnson & Johnson, Pfizer, Dunkin' and Cardinal Health have reportedly recovered 5-10% of spending in complex procurement categories and reduced procure-to-pay cycle times by more than 70%.
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In the issue of week 32, 2026: AI-Driven Execution Advances Deliver Measurable Supply Chain Breakthroughs
Tags: supply chain, procurement, AI agents, automation, finance, funding