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.
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All whilst the world burns, species die, and climate changes... there are better uses of the money
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