- To further enhance its AI platform through the
new state-of-the art-facility
- Plans to tap the local market for talent
acquisition
Pune, Monday (November 18, 2019):AppZen,
the world’s leading AI platform for modern finance teams, recently announced the
opening of its development center in Pune. The state-of-the-art facility was
inaugurated by AppZen CFO Naresh Bansal and Head of India Operations Mandar
Munagekar. The companywants to tap into
the Pune talent pool andfocus on further enhancing its AI Platform through the
new center as it broadens its global reach.
Earlier
this year, the company announced their entry in India with Pune as their Indian
headquarters.One of the fastest growing
startups, AppZen, recently raised a Series C investment of $50 million in
funding through Coatue Management. With previous investments through Redpoint
Ventures and Lightspeed Venture Partners along with Coatue, the total investments
raised by the company clocks to over $100
million
till date.
The company’s biggest product is the service that
automatically audits expenses using AI.The companyhas been working on building
AI-powered platform for the modern Finance Teams by automating spend approvals
and providing insights that help reduce
spend, comply
with policy,
and streamline
process.
AppZen recently surpassed the 1,500 customer mark,
attracting more than 25 percent of Fortune 500 companies,
including Amazon, Nvidia, Salesforce, Verizon, three of the top 10 banks
in the U.S., four of the top 10 media companies, three of the top 10
pharmaceutical manufacturers, two of the top five aerospace companies and a
number of other software providers.
Commenting on the development, MandarMunagekar,Head of
India Operations says“By using a lot of our tacit knowledge in the data
science area, we want our growth to be smarter. This will be key to create a talent
pool with high end engineering and data sciencebackground for our growing
global customer base”
Naresh Bansal, CFO, AppZen, says, “We are a leading AI
platform and hence we require employees with varied skillsets and backgrounds
making it a highly diverse workforce.We are committed to grow and invest in
Pune and tap into the local talent, which is coming up as a hub for many leading
technology companies”.
About
AppZen
AppZen
delivers the world’s leading AI platform for modern finance teams. Starting
with business spend, we automate manual process, uncover problems, and optimize
decision making for enterprises around the globe, including one-fourth of the
Fortune 500. Our platform combines patented deep learning, computer vision, and
semantic analysis with intelligence from thousands of online data sources to
understand financial transactions in business context and make decisions before
those transactions happen. AppZen is a must have for CFOs and their teams to
reduce spend, comply with policy, and streamline process.
For
more information, please check: www.appzen.com
