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Ande Raises $52 Million From Lightspeed and Redpoint for AI-Driven Corporate Entertainment Platform

September 22, 2026 at 13:11 EDT

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Funding & M&A

Ande, an AI-focused platform for corporate entertainment and hospitality operations, has raised $52 million from Lightspeed and Redpoint, according to the company's founder and CEO Lohit Sarma in a broadcast segment. The financing spotlights investor interest in vertical AI software aimed at replacing fragmented booking, compliance and expense workflows with a single operating layer.

Sep. 22, 2026 · Ande

AI enters corporate entertainment spend

Ande raised $52 million to expand a platform that combines venue discovery, booking, approvals, compliance and expense data for enterprise hospitality programs.

$52M

New financing from Lightspeed and Redpoint

12-15%

Claimed savings on routed entertainment spend

93,000+

Vendors and venues in the global network

Savings claim, drawn to scale

12%

Lower end

15%

Upper end

The company says pre-vetted corporate rates typically save 12-15% on entertainment spend managed through the platform.

Workflow Ande wants to own

Discover

Find vetted venues and experiences.

→

Book

Coordinate details and corporate rates.

→

Control

Route approvals, policy checks and expense data.

Why it resonates

A narrow workflow gives AI software room to combine customer context, venue supply, approvals and spend data.

What remains unproven

The company has not disclosed pricing, revenue, valuation or public model-performance benchmarks.

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