Freehand raised $75 million to scale its autonomous artificial intelligence (AI) agents that manage supply chain spend for global enterprises. These agents automate procurement, supplier management, invoicing and payments, the company said in a Wednesday (July 29) press release. The agents can negotiate rates, enforce contracts, manage suppliers, process payments and reconcile data within enterprise systems, according to the release. Nitin Jayakrishnan, co-founder and CEO of Freehand, said in the release that the company’s AI agents “decide, act and take accountability for outcomes.” PYMNTS reported Monday (July 27) that procurement is leading enterprise AI adoption and that AI agents are already negotiating supplier contracts, processing purchase orders and closing deals on behalf of major corporations.