AppZen Raises $13M in Series A Financing
Summary
AppZen, a Santa Clara, Calif.-based Artificial Intelligence (AI) solution for back office automation, raised $13m in Series A financing.In conjunction with the funding, Redpoint Partner Alex Bard will join the AppZen board.Led by Anant Kale, co-founder and CEO, AppZen provides an Artificial Intelligence (AI) solution for back office automation.The service uses AI to automate expense report auditing and instantly detect compliance issues and fraud.The platform, which integrates with all major expense reporting tools, including Oracle (NYSE: ORCL) and Concur, an SAP (NYSE: SAP) company, has already been used by enterprise such clients as Amazon (AMZN), Hitachi, Comcast (NASDAQ: CMCSA), Sunrun (NASDAQ: RUN) and Intuit (NASDAQ: INTU).
Funding
Amount
$13.0M
Total raised
Date
November 1, 2017
Announcement date
Investors
Resolute.vc
Lead investors
Company
http://www.appzen.com
Funded company
Classifications
industries
No industries detected
applications
Accounting and Taxes
AskAI Classifications
Labels
Finance Automation Software
AI Software
Expense Management Software
Linked Companies
AppZen
$25M to $50M