The problem
Big shippers overpay on freight, logistics and trade bills because checking invoices against contracts is manual, slow work
What they do
AI agents that audit, dispute and pay supply-chain invoices (freight, 3PL, tariffs) for enterprises
Traction ~50 enterprise customers (Meta, J&J, Pfizer, Unilever); headcount +17% in 90 days; ARR undisclosed
Hiring trend
- Open roles
- 10
- Ops roles
- 2
- Headcount
- ~155-160
Headcount ~119 (Jun 2026) → ~157 (Oct), +17% in 90 days (Tracxn/Inc42 est.); open roles 2 → 10 since spring
Hiring in
- San Francisco
- Remote (India)
- Remote (US)
Latest news
Oct 2026
Launched Freehand Pay (powered by Stripe) to pay and reconcile supplier invoices end-to-end ↗Funding
- Last round
- $75M
- Stage
- Series B
- Date
- Jul 2026
Led by Battery Ventures, NewRoad Capital Partners
- Hiring+1.510 open roles on the live job board (10–29 roles = +1.5)
- Funding recency+1.5Series B · $75M, Jul 2026 (3 months ago): 6 months or less = +1.5
- Traction+1.5Strong growth: ~50 enterprise customers (Meta, J&J, Pfizer, Unilever); headcount +17% in 90 days; ARR undisclosed
- Red flags−11 significant flag in the last 24 months, −1 eachSept 2026: rival Trax Technologies sued Freehand in federal court (N.D. Cal.) for false advertising and trade libel over its competitor-comparison marketing; seeks injunction and damages.EIN Presswire: Trax Technologies files legal action against Freehand (Oct 2026) ↗ · U.S. District Court N.D. Cal.: Trax Technologies v. Freehand, 3:26-cv-10884 (filed Sep 24, 2026) ↗
- Total3.51.5 + 1.5 + 1.5 − 1 = 3.5 → Tempo (3.5–4.24)
Distance (10K) is a separate read on how long the lead can last. It doesn't change the score.
Distance
10K · edge: hard to leave
Embedded in customers' ERP and payment flows with Fortune 50 logos and a new payments line, but it is a newcomer in freight audit and payment behind long-standing players like Cass and Trax, and only about 50 customers so far.
Sources: Crunchbase News: Freehand raises $75M Series B, ~50 customers (Jul 2026) ↗ · Freehand: Recognized in 2026 Gartner Market Guide for Freight Audit and Payment (Feb 2026) ↗ · GlobeNewswire: Freehand launches Freehand Pay (Oct 2026) ↗
Watch-outs
Sept 2026: rival Trax Technologies sued Freehand in federal court (N.D. Cal.) for false advertising and trade libel over its competitor-comparison marketing; seeks injunction and damages.
Sources: EIN Presswire: Trax Technologies files legal action against Freehand (Oct 2026) ↗ · U.S. District Court N.D. Cal.: Trax Technologies v. Freehand, 3:26-cv-10884 (filed Sep 24, 2026) ↗
Last checked Oct 25, 2026