SynopsisFounded by Indian entrepreneurs Nitin Jayakrishnan and Abhijeet Manohar, the San Francisco-headquartered startup has been operating in stealth for the past two years. It counts Meta, Unilever, Johnson & Johnson, Pfizer, Dunkin' and Cardinal Health among its customers. It will use the fresh capital to expand deployments of its AI agents, which automate procurement, supplier management, invoice processing and payment workflows for large enterprises.AI startup Freehand, which builds autonomous AI agents for enterprise supply chain operations, has raised $75 million in a funding round co-led by Battery Ventures and NewRoad Capital Partners.Existing investor Nexus Venture Partners also participated in the round, along with PSP Growth, the venture capital firm founded by former US Commerce Secretary Penny Pritzker, and other investors.Founded by Indian entrepreneurs Nitin Jayakrishnan andNow Playing
AI startup Freehand raises $75 million led by Battery Ventures, NewRoad, Nexus - The Economic Times
Founded by Indian entrepreneurs Nitin Jayakrishnan and Abhijeet Manohar, the San Francisco-headquartered startup has been operating in stealth for the past two years. It counts Meta, Unilever, Johnson & Johnson, Pfizer, Dunkin' and Cardinal Health among its customers. It will use the fresh capital to expand deployments of its AI agents, which automate procurement, supplier management, invoice processing and payment workflows for large enterprises.
Freehand raises $75M for AI agents automating supply chain workflows (procurement, invoicing, payments) with Meta and Unilever as customers. Enterprise autonomous agents for back-office processes now treated as infrastructure-tier investment; ROI validation and contained execution risk accelerate adoption.
