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AI Supply Chain Management Startup Freehand Announces Completion of $75 Million Funding
According to TNW, AI supply chain management startup Freehand announced the completion of a $75 million funding 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 handle contract interpretation, supplier rate negotiation, overcharge bill identification, payment processing, and ERP system reconciliation, with clients covering top enterprises such as Meta, Unilever, Johnson & Johnson, Pfizer, Dunkin', and Cardinal Health.
AI automation workflow startup Tessera Labs raises $60 million in funding led by a16z
AI automation workflow startup Tessera Labs has announced a $60 million funding round led by a16z, with participation from Foundation Capital, Myriad Venture Partners, Osage University Partners, and others. The company primarily leverages AI to automate enterprise SAP and ERP migration and modernization processes. Its AI-native platform can compress enterprise transformation project timelines from years to weeks and reduce costs by more than half. (TechfundingNews)
Related news
NC's IT Subsidiary Renamed to NC AX, Fully Transforms into AI Enterprise
According to Yonhap News Agency, South Korean game company NC (엔씨) announced that its specialized IT services subsidiary NC IDS has been officially renamed NC AX, embarking on a new journey with AI transformation (AX) as its core strategic direction. NC AX was established in 2024 and is dedicated to implementing AI technology in industrial settings and promoting commercialization. Following this renaming, NC AX will collaborate deeply with NC AI, which possesses original AI technology, focusing on integrating AI technology into areas such as ERP, business system development, platforms, and applications to maximize synergies and accelerate the group's overall AI transformation process. NC AX CEO Lee Jae-jin stated, "Based on the company's accumulated experience in process optimization and application development, we will work hand in hand with NC AI to continuously expand the AX business scope and strengthen related service capabilities."
AI Supply Chain Management Startup Freehand Announces Completion of $75 Million Funding
According to TNW, AI supply chain management startup Freehand announced the completion of a $75 million funding 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 handle contract interpretation, supplier rate negotiation, overcharge bill identification, payment processing, and ERP system reconciliation, with clients covering top enterprises such as Meta, Unilever, Johnson & Johnson, Pfizer, Dunkin', and Cardinal Health.
AI automation workflow startup Tessera Labs raises $60 million in funding led by a16z
AI automation workflow startup Tessera Labs has announced a $60 million funding round led by a16z, with participation from Foundation Capital, Myriad Venture Partners, Osage University Partners, and others. The company primarily leverages AI to automate enterprise SAP and ERP migration and modernization processes. Its AI-native platform can compress enterprise transformation project timelines from years to weeks and reduce costs by more than half. (TechfundingNews)