Freehand, a startup focused on automating enterprise procurement and supply-chain spending, has raised $75 million. The company says it uses autonomous AI agents to take over operational tasks in procurement workflows for large organizations. According to reports, these agents negotiate with suppliers, manage supplier relationships, enforce contract terms, and handle parts of the purchase-to-pay process. The company also describes capabilities that include invoicing and payments, as well as reconciling related data within enterprise systems.
The funding round is positioned as a push toward software that performs actions rather than only providing recommendations. Freehand’s customers mentioned in reporting include major global companies across industries such as consumer goods and pharmaceuticals. The company says it plans to use the funding to scale its agent-based approach to supply-chain spend management, expanding how enterprises automate procurement and payment functions.
Across the coverage, the announced $75 million raise and the focus on autonomous AI agents that cover negotiation, procurement operations, supplier management, and payment-related steps are consistent themes.
