AI supply chain management startup Freehand has raised $75 million in a funding round co-led by Battery Ventures and NewRoad Capital Partners, according to ChainCatcher. Nexus Venture Partners also joined the round, along with PSP Growth, the fund tied to former U.S. Commerce Secretary Penny Pritzker. Freehand said its AI agents can handle a range of supply chain and back-office tasks on their own, including contract interpretation, supplier rate negotiations, overbilling detection, payment processing, and reconciliation with ERP systems. The company also disclosed a customer list that includes Meta, Unilever, Johnson & Johnson, Pfizer, Dunkin', and Cardinal Health, indicating adoption among large enterprise clients.
AI supply chain management startup Freehand has completed a $75 million funding round, ChainCatcher reported. The round was co-led by Battery Ventures and NewRoad Capital Partners, with participation from Nexus Venture Partners and PSP Growth, the fund tied to former U.S. Commerce Secretary Penny Pritzker.
Freehand said its AI agents can independently carry out contract interpretation, supplier rate negotiations, overbilling detection, payment processing, and reconciliation with ERP systems. Its customer base already includes Meta, Unilever, Johnson & Johnson, Pfizer, Dunkin', and Cardinal Health.
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