Freehand Raises $75M to Put AI Agents in Charge of Fortune 500 Supply Chains
Freehand raised $75M to deploy AI agents managing Fortune 500 supply chain operations. How are business operations being transformed?
AI Agents Take Over Supply Chains — Freehand's $75M Round
The summer of 2026 proves AI agents are no longer experimental technology — they manage real business operations. Freehand's $75M Series B round, led by Battery Ventures and NewRoad Capital Partners, is a clear example. The company creates AI agents that manage Fortune 500 companies' supply chain finance and operations without human intervention.
What Is Freehand?
Founded in February 2024 by Nitin Jayakrishnan (CEO) and Abhijeet Manohar, Freehand creates AI agents that replace entire teams in supply chain management.
How Do Freehand's AI Agents Work?
Freehand's AI agents audit invoices, negotiate with suppliers, manage inventory, forecast demand, and monitor contract compliance. They replace entire teams that manually processed data in ERP systems like SAP and Oracle.
Fortune 500 Clients
Freehand already has 50+ customers including Meta, Unilever, Pfizer, and Johnson & Johnson. AI agents are auditing invoices worth millions and negotiating with suppliers autonomously.
What This Means for Georgia
While Freehand is currently focused on Fortune 500 companies, similar AI agent technology will soon be accessible to smaller businesses. Georgian logistics companies and distributors can optimize operations, reduce costs, and improve accuracy.
Conclusion
Freehand's $75M round confirms that AI agents are entering the real economy. The technology that started with chatbots is now managing multi-million dollar supply chains.