AppZen
AppZen is a US-based SaaS company, providing artificial intelligence (AI) powered expense, contracts, accounts payable auditing tools for corporate finance teams[1] and back office automations.[2]
| Type | Private |
|---|---|
| Industry | Software, FinTech |
| Founded | 2012 |
| Headquarters | San Jose, California,
United States |
| Key People | Anant Kale, Kunal Verma |
| Number of employees | 200 |
| Website | www.appzen.com |
Company
AppZen was co-founded by Anant Kale and Kunal Verma on December 1, 2012. The headquarter office is located in San Jose, California, with additional offices in Tempe, Arizona and Pune, India.[3]
AppZen provides four platform solutions: Expense Audit, AP Audit, Contract Audit, and Insights.[4]
Starting with business spend, AppZen automate manual processes, uncover problems, and optimize decision making for enterprises.[5] AppZen's platform combines patented deep learning, computer vision, and semantic analysis with intelligence from online data sources to understand financial transactions in business context[6] and make decisions before those transactions happen.[7] AppZen's solutions are designed to help finance teams reduce spend, comply with policy, and streamline processes.[8]
Finances
In November, 2014, AppZen received Seed Round funding led by 500 Startups, a venture capital firm based in Mountain View, California.[9]
In June, 2016, AppZen received another Seed Round funding led by Resolute Ventures, a venture capital firm based in San Francisco, California.
In November, 2017, AppZen received Series A funding led by Redpoint Ventures, a venture capital firm based in Menlo Park, California.
In October, 2018, AppZen received Series B funding led by Lightspeed Venture Partners, a venture capital firm based in Menlo Park, California.[10]
See also
Artificial Intelligence
Deep learning
Computer vision
External links
References
- ↑ "Five Ways To Optimize Your Accounts Payable And Finance Teams".
- ↑ "How AI Can Eliminate Fraud".
- ↑ "Expense report analysis startup AppZen raises $13M to build a smarter back office". www.appzen.com. Retrieved 2019-04-16.
- ↑ "appzen".
- ↑ "AppZen nabs $35M for AI that audits expenses in real time for non-compliance and fraud".
- ↑ "AI can now catch lies on your expense report".
- ↑ "Can You Monetize The Value of Your AI-Driven Startup?".
- ↑ "AppZen Raises $35 Million for AI Expense Report Auditing".
- ↑ "AppZen | Crunchbase".
- ↑ "AppZen raises $35 million for AI expense report auditing". VentureBeat. 2018-10-30. Retrieved 2019-04-16.
