{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Good Tech Companies ","title":"Freehand Raises $75M to Put AI Agents in Charge of Fortune 500 Supply Chain Spend","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/b3e56066\"></iframe>","width":"100%","height":180,"duration":624,"description":"\n        This story was originally published on HackerNoon at: https://hackernoon.com/freehand-raises-$75m-to-put-ai-agents-in-charge-of-fortune-500-supply-chain-spend.\nFreehand raised $75M from Battery Ventures and NewRoad to scale AI agents managing supply chain spend for Meta, Pfizer and J&J, recovering up to 10% of spend.\nCheck more stories related to undefined at: https://hackernoon.com/c/undefined.\n            You can also check exclusive content about #supply-chain-spend-management, #supply-chain, #ai, #freehand, #startup-funding, #procurement, #good-company, #software-engineering,  and more.\nThis story was written by: @ishanpandey. Learn more about this writer by checking @ishanpandey's about page,\n            and for more stories, please visit hackernoon.com.\nFreehand, the San Francisco agentic AI company whose autonomous agents manage supply chain spend for Meta, Unilever, Johnson & Johnson, Pfizer, Dunkin' and Cardinal Health, has raised $75 million co-led by Battery Ventures and NewRoad Capital Partners, with participation from former US Commerce Secretary Penny Pritzker's PSP Growth and Nexus Venture Partners.\n\nThe company targets the gap between the $16 billion enterprises spend annually on supply chain software and the $348 billion they spend on people doing what that software cannot, inside a $20 trillion US supply chain operations base.\n\nEarly Fortune 500 deployments report 5 to 10% of spend recovered in complex categories, workflows completed 5 to 7x faster, procure-to-pay cycles cut by more than 70%, and, per Forbes, 99% of decisions made without human referral.\n\nThe core IP is the Category Context Graph, a compounding knowledge layer that unifies structured ERP data with the unstructured contracts, emails and chats where supply chain decisions actually live, giving every agent an audit trail for every action.\n\nThe round lands as Gartner forecasts agentic SCM software spend growing from under $2 billion in 2025 to $53 billion by 2030, and as...","thumbnail_url":"https://img.transistorcdn.com/HZ9CRzf5js9DK86xzUVMWBRbXYwg4dA8xVXJGVzpL6Y/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8xMTNl/MjgwMmI0ZmEzNThj/YmJiOWNiN2UyZmRm/MzY3My5qcGVn.webp","thumbnail_width":300,"thumbnail_height":300}