Freehand, an innovative enterprise artificial intelligence company based in San Francisco, has successfully secured $75 million in a Series B funding round. The round was co-led by Battery Ventures and NewRoad Capital Partners, with further investment from PSP Growth, Nexus Venture Partners, and other stakeholders. Legal advisory for this significant financial move was provided by CMS IndusLaw.
Key Legal Team Involvement
The legal team from CMS IndusLaw that guided Freehand through this funding round included esteemed professionals such as Winnie Shekhar, a Partner at the firm, alongside fellow Partner Shantanu Singh and Senior Associate Ravishankar M. Their expertise was instrumental in navigating the complexities of this transaction.
About Freehand’s AI Platform
Freehand is renowned for developing autonomous AI agents that enhance enterprise supply chain management. Their platform offers a comprehensive range of services, including contract enforcement, supplier management, invoice processing, payment workflows, and spend reconciliation. The effectiveness of Freehand’s solutions is evidenced by its deployment across leading global enterprises such as Meta, Unilever, Johnson & Johnson, Pfizer, Dunkin’, and Cardinal Health.
Strategic Use of New Funding
The newly acquired capital will be strategically utilized to broaden the capabilities of Freehand’s AI platform and to facilitate further enterprise deployments. This investment is expected to accelerate the company’s growth trajectory and enhance its market presence.
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