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AppZen delivers an AI platform for modern finance teams. It automates a manual process, uncovers problems, and optimizes decision making for enterprises. AppZen platform combines deep learning, computer vision, and semantic analysis with intelligence from online data sources to understand financial transactions in a business context and make decisions before those transactions happen.

TypePrivate
Founded2012
HQSan Jose, US
Websiteappzen.com
Employee Ratings3.8

Latest Updates

Employees (est.) (Jul 2020)247
Job Openings32
Cybersecurity ratingBMore

Key People/Management at AppZen

Anant Kale

Anant Kale

Co-Founder and CEO
Kunal Verma

Kunal Verma

Co-Founder, CTO and Director
Naresh Bansal

Naresh Bansal

CFO
Mark Stagi

Mark Stagi

VP, Customer Success
John Narbaitz

John Narbaitz

VP, Sales
Richard Terry-Lloyd

Richard Terry-Lloyd

Chief Revenue Officer
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AppZen Office Locations

AppZen has offices in San Jose, Tempe, Pune and Reading
San Jose, US (HQ)
6201 America Center Dr #300, Alviso
Tempe, US
1711 W Greentree Dr #225
Pune, IN
55, Damle Rd, Shanti Sheela Society, Deccan Gymkhana
Reading, GB
49-51, Aquis House, Blagrave St
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AppZen Financials and Metrics

Summary Metrics

Founding Date

2012

AppZen total Funding

$100.9 m

AppZen latest funding size

$50 m

Time since last funding

10 months ago

AppZen investors

AppZen's latest funding round in September 2019 was reported to be $50 m. In total, AppZen has raised $100.9 m. AppZen's latest valuation is reported to be $500 m.
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AppZen Revenue

Market valuation

500.0m
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AppZen Operating Metrics

AppZen's Enterprise Customers was reported to be 1.5 k in Sep, 2019.
Sep, 2019

Enterprise Customers

1.50 k
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AppZen Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

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Human Capital Metrics

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AppZen Online and Social Media Presence

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AppZen News and Updates

AppZen enhances AI finance platform

AppZen has released its enhanced AppZen Platform, using artificial intelligence to automate audits and other financial processes.

AppZen nabs $50M to build AI tools for expenses and other finance team work

AI now touches every aspect of how a company operates — from forming the core of the service itself, through to customer interactions, building new things, and helping with mundane paperwork and other back-office tasks. Today, one of the faster-growing startups in the latter category is announcing a…

AppZen raises $50 million to automate expense reporting with AI

Expense reporting is a time-consuming chore. Just ask the folks at Concur, who estimate that it takes 20 minutes on average to complete a single report and 18 minutes to correct an erroneous one. That’s why Anant Kale and Kunal Verma set out to find a better way with AI, which seven years ago evolve…

AppZen Raises $35 Million to Catch Employees Cheating on Expense Reports

AI machines may now be auditing your expenses.

AppZen nabs $35M for AI that audits expenses in real time for non-compliance and fraud

The march to add more artificial intelligence-powered tools into the enterprise stack continues apace, and today another startup has raised a growth round to position itself as one of the leaders in is particular niche. AppZen, which has developed an AI platform that analyses employees’ expenses to …

AppZen raises $35 million for AI expense report auditing

AppZen, whose Expense Audit platform uses artificial intelligence (AI) to detect expensing fraud and cut down on mistakes, has raised $35 million.
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AppZen Blogs

9 business spend duplicates only AI can catch

What prevention methods does your company have in place to prevent duplicate spend? Most modern invoice automation systems can look out for two invoices with the same invoice number, or the same amount, and stop a payment that appears to be a duplicate. But this doesn’t find typos in invoice numbers…

No one likes approving expense reports — Here are 4 ways AI can help

Hate expense reports? You’re not alone.  Here’s how we usually see the expense report approval process play out. Finance teams, inundated by thousands of reports every month, can only audit a small percentage of the reports, fall behind schedule, and worry about fraudulent reports falling through th…

Expand the scope of your finance transformation with the new AppZen Platform

The CFO Squeeze CFOs face never-ending pressure to cut costs, fund revenue growth, and maintain financial controls. And at the same time, they need to run an efficient and effective finance organization to minimize risk, ensure compliance with regulations and corporate policies, provide strategic ad…

Should you approve expenses without receipts?

Anyone who has ever submitted an expense report after a business trip knows how stressful it can be to scramble to find receipts for everything – from taxi rides, to lunches, to late-night fast food meals. Requiring these receipts can be a burden to your employees, who are already exhausted from tra…

What’s the ideal turnaround time for expense report reimbursement?

Philosophies on the timing of employee expense report reimbursements diverge. On the one hand, companies should work to pay employees back ASAP; good folks are laying out their own money for work expenses and essentially giving employers hundreds of million of dollars in interest-free loans, every d…

Everything you need to know about VAT and expense reports

Value-added tax (VAT) is a somewhat familiar topic, yet very few people seem to know precisely what it is, or how to approach it in terms of employee expense reports. We therefore want to help demystify the topic, with answers to frequently asked questions. So what is VAT? Is it just something like …
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AppZen Frequently Asked Questions

  • When was AppZen founded?

    AppZen was founded in 2012.

  • Who are AppZen key executives?

    AppZen's key executives are Anant Kale, Kunal Verma and Naresh Bansal.

  • How many employees does AppZen have?

    AppZen has 247 employees.

  • Who are AppZen competitors?

    Competitors of AppZen include AYOMI, Zest AI and Zeitgold.

  • Where is AppZen headquarters?

    AppZen headquarters is located at 6201 America Center Dr #300, Alviso, San Jose.

  • Where are AppZen offices?

    AppZen has offices in San Jose, Tempe, Pune and Reading.

  • How many offices does AppZen have?

    AppZen has 4 offices.