AI Supply Chain Management Startup Freehand Announces Completion of $75 Million Funding

TechFlow news, July 29, according to TNW reports, 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 PSP Growth, a fund under former U.S. Secretary of Commerce Penny Pritzker. Freehand's AI agents can autonomously complete tasks such as contract interpretation, supplier rate negotiations, excess bill identification, payment processing, and ERP system reconciliation, with clients including leading enterprises such as Meta, Unilever, Johnson & Johnson, Pfizer, Dunkin', and Cardinal Health.