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Appzen, Coatue Management

AppZen Adds $50 Million to Develop AI for Finance Teams

AppZen, whose AI software helps finance teams automate processes, has raised a total of $100 million after a new funding round

9.9.2019

AppZen, whose AI software helps finance teams automate processes, has raised a total of $100 million after a new funding round

AppZen, a maker of software for business finance teams that uses artificial intelligence , has raised $50 million in a deal led by hedge-fund firm Coatue Management .

AppZen Inc., a maker of software for business finance teams that uses artificial intelligence, has raised $50 million in a deal led by hedge-fund firm Coatue Management.

The San Jose, Calif.-based startup makes software that finance teams can use to automate processes. For example, AppZen said its AI technology can help perform real-time audits of a company’s spending, including supplier invoices, travel and expenses, procurement and credit cards.

Read more: The Wall Street Journal

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