AppZen
artificial intelligence/machine learning
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About
AppZen Inc. develops artificial intelligence solutions for back-office automation, including an automated solution for expense report compliance and audit.
Focus
PRODUCTS & SERVICES
It offers an enterprise-level, automated expense reporting & auditing product that reviews expense report data, crosschecks it with external sources & social media in real-time, and detects compliance issues & fraud. The company’s data science-based technology automatically detects accidental, as well as intentional fraud, and provides real-time compliance to IRS rules, FCPA regulations, and company policies.
REVENUE MODEL
The company follows subscription plans: Expense Audit: charges $3 per report Expense Automation +Audit: charges $9 per month(per employee)
MAIN CLIENTS
Some of the clients are Comcast
SemGroup
Sunrun
Silicon Image
Hitachi
National Instruments
Calypso
Amazon
Citi
Hitachi
Salesforce
Intuit
Airbus
CBS
COMMENT
AppZen’s patent pending, artificial intelligence based technology automatically creates expense reports, provides real-time compliance to regulatory requirements and company policies and automatically audits and assigns risk scores to every expense to detect fraud and misuse.
Traction
VALUATION / MARKET CAP:
$175 M in 2018
People
FOUNDERS
Anant Kale
Kunal Verma
BOARD MEMBERS AND ADVISORS
Simon Hagger
Simon Wood
NUMBER OF EMPLOYEES
51-200
INVESTORS:
Momentum
FUNDED
YES
TOTAL FUNDING
$100.9 M
DATE OF LAST FUNDING
Sep 2019
SEED & PRIOR FUNDING
$2.9 M
SEED CLOSED ON
Jun 2016
FUNDING SERIES
SERIES A · $13 M · Nov 2017
SERIES B · $35 M · Oct 2018
SERIES C · $50 M · Sep 2019
LISTED
NO
Innovation Programs
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FOUNDING YEAR:
LOCATION:
Views:
$101 M
About
AppZen Inc. develops artificial intelligence solutions for back-office automation, including an automated solution for expense report compliance and audit.
AppZen
About
Momentum
FUNDED
NO
LISTED
NO
Other