Freehand builds autonomous AI agents that read contracts, negotiate rates, approve invoices, process payments and reconcile records directly inside enterprise systems using a Category Context Graph to combine structured data and unstructured documents. The company was founded in San Francisco in 2024 and has achieved full production deployments at large customers including Meta, Unilever, Johnson & Johnson, Pfizer, Dunkin’ and Cardinal Health. Early customer outcomes reported include recovering 5–10% of spend, completing workflows 5–7x faster, and reducing procure-to-pay cycles by more than 70%. Freehand positions its agents as decision-making and action-taking software rather than chat-based copilots. The company plans to use the $75 million raise to expand beyond invoice processing into direct materials and maintenance, repair and operations categories and to embed its agents deeper into enterprise supply chains. Investors in the round include Battery Ventures, NewRoad Capital Partners, PSP Growth and Nexus Venture Partners.

Total raised

$100M

Funding rounds

2

Latest round

Series B

Latest activity

Jul 2026