AppZen raises $35 million

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San Jose, California-based AppZen has closed a $35 million Series B financing round. The investment was led by Lightspeed Venture Partners. Existing investors Redpoint Ventures and Resolute Ventures also participated in the round.

AppZen founded in 2012, provides an AI-based platform for spend audits. The company has raised $52 million to date.

[Image courtesy: AppZen]