Valuation
$450M
2024 Revenue
$95M(Est.)
Customers
22
Funding
$100.6M
Avg ACV
$4.3M
Team
353
Founded
2012
Appzen Revenue, Valuation & Funding (2024)
AppZen is a software company that provides an AI-powered platform for finance teams. The platform uses artificial intelligence and machine learning algorithms to analyze financial data and automate a range of finance-related processes, including expense management, invoice processing, and auditing. AppZen's solutions are designed to help businesses reduce financial risk, increase compliance, and streamline their finance operations. The platform provides real-time insights into financial data, enabling finance teams to make data-driven decisions and optimize their financial strategies. The company was founded in 2012 and is headquartered in San Jose, California, with additional offices in India and Canada.
Last updated
Appzen Revenue
In 2024, Appzen's revenue reached $95M. The company previously reported $68M in 2023. Since its launch in 2012, Appzen has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Appzen Hit $95m revenue in October 2024 | Estimated |
| 2023 | Appzen Hit $68m revenue in December 2023 | |
| 2020 | Appzen Hit $25m revenue in December 2020 | |
| 2016 | Appzen Hit $1.1m revenue in June 2016 | |
| 2012 | Launched with $0 revenue |
Appzen Valuation, Funding Rounds
Appzen reached a $450M valuation in 2019, set during its Series C round.
Appzen has raised $100.6M in total funding across 4 rounds, most recently a $50M Series C round in 2019.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2019 | Series C | $50M | $450M | 11% | |
| 2018 | Series B | $35M | $140M | 25% | |
| 2017 | Series A | $12.7M | $35M | 36% | |
| 2016 | Seed Round | $2.9M | $3.7M | 79% |
Founders
Anant Kale
CEO
Anant founded AppZen in 2012 to bring AI to global finance teams, and is responsible for the company’s vision and business execution. Previously, he served as Vice President of Applications at Fujitsu America, where he had broad responsibility for the management and delivery of the company’s global enterprise applications and infrastructure. He has more than 20 years of experience in software development and engineering leadership. Anant earned a Bachelor of Science in Finance and Engineering and an MBA from Mumbai University. He loves music and hopes to learn to DJ sometime in the future.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Appzen serves 22 customers.
Appzen Employees & Team Size
Appzen employs approximately 353 people as of 2026, up from 274 in 2023, including 34 sales reps that carry a quota. It serves 22 customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 353 employees (December 2024) | |
| 2024 | Reached 348 employees (October 2024) | |
| 2023 | Reached 274 employees (July 2023) | |
| 2020 | Reached 255 employees (December 2020) | |
| 2020 | Reached 247 employees (June 2020) | |
| 2019 | Reached 211 employees (December 2019) | |
| 2018 | Reached 115 employees (December 2018) | |
| 2016 | Reached 14 employees (June 2016) |
Frequently Asked Questions about Appzen
What is Appzen's revenue?
Appzen generates an estimated $95M in annual revenue.
Who founded Appzen?
Appzen was founded by Kunal Verma.
Who is the CEO of Appzen?
The CEO of Appzen is Kunal Verma.
How much funding does Appzen have?
Appzen raised $100.6M across 4 rounds.
How many employees does Appzen have?
Appzen has 353 employees.
Where is Appzen headquarters?
Appzen is headquartered in San Jose, California, United States.
Compare Appzen to the industry
Appzen operates across multiple industries. Browse revenue, funding, and growth data for Appzen in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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