Market & RegulationInvestment · $75M
Freehand Raises $75M to Automate Supply Chains
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Why it matters
- →Freehand's AI agents automate complex supply chain tasks, reducing the need for manual oversight.
- →The funding highlights a shift towards AI-driven solutions in logistics, a traditionally manual industry.
- →Freehand's technology offers measurable efficiency gains, appealing to large enterprises seeking to optimize operations.
Freehand, an enterprise AI startup, has raised $75 million in a Series B funding round led by Battery Ventures and NewRoad Capital Partners. The San Francisco-based company focuses on automating supply chain spend and back-office operations for large enterprises using AI agents. This funding comes amid increasing venture interest in supply chain technology, with Freehand aiming to reduce reliance on manual processes and offshore outsourcing. The startup's platform is already used by major companies like Meta and Pfizer to process billions in payments autonomously.
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