AppZen

artificial intelligence/machine learning

FOUNDING YEAR: 2012
LOCATION: United States
Last Update: 19/01/2021

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About

Finance favors the bold

MEDICI Analysis

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

COMPANY TYPE:

For Profit

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

6

TOTAL FUNDING

$100.9 M

DATE OF LAST FUNDING

Sep 2019

IPO STATUS

Private

ESTIMETED REVENUE RANGE

$1M to $10M

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

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

58,592

AVERAGE VISITS (6 MONTHS)

47,853.84

MONTHLY VISITS GROWTH

26.54%

VISIT DURATION

1,008

VISIT DURATION GROWTH

-4.09%

PAGE VIEWS VISIT

11.53

PAGE VIEWS VISIT GROWTH

19.5%

BOUNCE RATE

41.51%

BOUNCE RATE GROWTH

-2.74%

GLOBAL TRAFFIC RANK

326,825

MONTHLY RANK CHANGE

-156,959

MONTHLY RANK GROWTH

-32.44%

Innovation Programs

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