AI Startup AppZen Closes $13 Million

AppZen completed $13 million in Series A financing led by Redpoint Ventures. Resolute Ventures also participated in the round.

AppZen’s AI-powered solution automates expense report creation, compliance, and audit. Its patent pending technology automatically detects accidental as well as intentional fraud, and provides real-time compliance to FCPA regulations, IRS rules, and company policies. In addition, the solution automatically audits and assigns risk scores to every expense.