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How Appzen CEO Kunal Verma grew Appzen to $95M revenue and 22 customers in 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.

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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.

Appzen Revenue GrowthReported revenue / ARR by year$0$20M$40M$60M$80M$100M2012201420162018202020222024$0$1M$25M$68M$95MSource: GetLatka.com
YearMilestone
2024Appzen Hit $95m revenue in October 2024
2023Appzen Hit $68m revenue in December 2023
2020Appzen Hit $25m revenue in December 2020
2016Appzen Hit $1.1m revenue in June 2016
2012Launched 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.

Appzen Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$100M$200M$300M$400M$500M201220132014201520162017201820192012 cumulative: $0 • 2012 Founded: $02016 cumulative: $3M • 2012 Founded: $0 • 2016 Seed Round: $3M @ $4M valuation2017 cumulative: $16M • 2012 Founded: $0 • 2016 Seed Round: $3M @ $4M valuation • 2017 Series A: $13M @ $35M valuation2018 cumulative: $51M • 2012 Founded: $0 • 2016 Seed Round: $3M @ $4M valuation • 2017 Series A: $13M @ $35M valuation • 2018 Series B: $35M @ $140M valuation2019 cumulative: $101M • 2012 Founded: $0 • 2016 Seed Round: $3M @ $4M valuation • 2017 Series A: $13M @ $35M valuation • 2018 Series B: $35M @ $140M valuation • 2019 Series C: $50M @ $450M valuation$101M2012 Founded: $0 valuation2016 Seed Round: $4M valuation2017 Series A: $35M valuation2018 Series B: $140M valuation2019 Series C: $450M valuation$450MSource: GetLatka.com
YearRoundAmountValuation% Sold
2019Series C$50M$450M11%
2018Series B$35M$140M25%
2017Series A$12.7M$35M36%
2016Seed Round$2.9M$3.7M79%

Appzen Employees & Team Size

Appzen employs approximately 353 people as of 2026, up from 274 in 2023.

Appzen has 353 total employees in different roles and functions and 34 sales reps that carry a quota. They have 22 customers that rely on the company's solutions.

Appzen Team GrowthReported headcount over time075150225300375201220142016201820202022202400353353Source: GetLatka.com
YearMilestone
2024Reached 353 employees (December 2024)
2024Reached 348 employees (October 2024)
2023Reached 274 employees (July 2023)
2020Reached 255 employees (December 2020)
2020Reached 247 employees (June 2020)
2019Reached 211 employees (December 2019)
2018Reached 115 employees (December 2018)
2016Reached 14 employees (June 2016)

Founder / CEO

Kunal Verma

Kunal Verma is listed as Founder / CEO at Appzen.

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Frequently Asked Questions about Appzen

What is Appzen's revenue?

Appzen generates $95M in 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.

How many employees does Appzen have?

Appzen has 353 employees.

Where is Appzen headquarters?

Appzen is headquartered in San Jose, California, United States.

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Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .

Appzen Revenue 2024: $95M ARR, $450M Valuation