Freehand provides autonomous AI Teams that operate inside enterprise ERP, procurement, and finance systems to manage complex supply chain spend for large corporations. It reads unstructured data, reasons over structured data, and executes decisions, replacing much of human headcount and software seats. The platform uses a proprietary context graph to map decisions and actions across the supply chain, enabling agents to handle non-standard spending, invoice matching, exceptions, and vendor negotiations in logistics, raw materials, and labor. The goal is to cut operating costs and cycle times in procurement and finance at scale, with customers like Meta, Johnson & Johnson, and Pfizer processing billions and seeing 70-90% reductions in procure-to-pay cycles and 5-10% spend recovery; Freehand has raised about $100 million from Battery Ventures and NewRoad Capital Partners.
Company Size
51-200
Company Stage
Early VC
Total Funding
$75M
Headquarters
Chicago, Illinois
Founded
2026
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