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 has raised $75M co-led by Battery Ventures and NewRoad to scale AI agents that manage supply-chain spend for Fortune 500 firms.

Freehand has raised $75 million in funding co-led by Battery Ventures and NewRoad Capital Partners, with backing from PSP Growth.