Freehand Raises $75 Million to Accelerate Autonomous AI Agents for Global Enterprise Supply Chains
What is the news?
San Francisco-headquartered AI enterprise startup Freehand has announced a $75 million funding round co-led by Battery Ventures and NewRoad Capital Partners, with key participation from PSP Growth and Nexus Venture Partners. Co-founded by Indian-origin entrepreneurs Nitin Jayakrishnan and Abhijeet Manohar, the company has operated in stealth for the past two years to solve one of global commerce’s costliest bottlenecks: manual procurement and supply-chain administration.
Why is it interesting?
Freehand’s platform leverages autonomous AI agents built on a proprietary Category Context Graph. This technology fuses structured ERP data with unstructured contracts, invoices, and communication logs, enabling AI to autonomously execute complex workflows including verifying billing accuracy, negotiating terms, detecting overpayments, and reconciling payments. Major global corporations such as Meta, Unilever, Johnson & Johnson, Dunkin’, and Pfizer have already integrated Freehand into their operations, reporting workflow acceleration of 5x to 7x and cost recoveries of up to 10%.
This milestone highlights the growing global leadership of Indian-origin founders within the artificial intelligence ecosystem. By transitioning enterprise software from passive dashboards to fully execution-oriented AI agents, Jayakrishnan and Manohar exemplify how Indian technical capital is establishing new benchmarks for global innovation.
Read more: Freehand Raises $75 Million to Scale AI Agents for Enterprise Supply Chains