AI supply chain management startup Freehand completes $75 million financing

AI supply chain management startup Freehand announced the completion of a $75 million financing round, co-led by Battery Ventures and NewRoad Capital Partners, with participation from Nexus Venture Partners and the fund PSP Growth under former U.S. Secretary of Commerce Penny Pritzker.

Freehand's AI agents can autonomously handle tasks such as contract interpretation, vendor rate negotiations, overbilling identification, payment processing, and ERP system reconciliation. Clients include leading companies such as Meta, Unilever, Johnson & Johnson, Pfizer, Dunkin', and Cardinal Health.