AI procurement platform Freehand AI secures $75M in funding, saving clients over $260M.

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AI + crypto news: On July 30, 2026, Freehand AI, an AI-powered invoice review and procurement automation platform, announced it has secured $75 million in project funding. The company has saved clients including Meta, Unilever, and Johnson & Johnson over $260 million by identifying unjustified charges across 19 million invoices. Freehand AI now offers a service guarantee: if it fails to uncover at least $500,000 in overpayments, it will pay the client $10,000.

ChainThink reports that on July 30, Freehand AI, an AI-powered invoice review and procurement automation platform, raised $75 million in funding, with the specific investors undisclosed.

Freehand AI states that its AI system has helped companies such as Meta, Unilever, and J&J identify unjustified charges across over 19 million invoices, resulting in cumulative savings of more than $260 million.

The company is also introducing a new service guarantee: if it fails to identify at least $500,000 in overpaid invoices for a client, it will pay the client $10,000.

Its system can automatically verify invoices, contracts, rate sheets, purchase orders, logistics documents, and historical transaction data, while handling disputes, supplier communications, and payment approvals.

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