Zip is an AI-powered procurement orchestration platform founded in 2020. The company's platform transforms how enterprises manage spending from initial request through payment. It employs intelligent workflows and no-code configuration to automatically route procurement requests across departments such as finance, legal, IT, and security, integrating with disparate enterprise systems.
The platform addresses a complex area of enterprise operations - procurement - where requests typically must pass through multiple teams with different systems. Zip's technology centralizes this process, aiming to accelerate approval timelines and provide visibility across the full spend lifecycle.
The company is valued at $2.2 billion and has raised $370 million in total funding. It serves over 100 customers and manages billions of dollars in enterprise spend. Its technical approach involves AI-powered orchestration, intelligent workflow design, and system integration across enterprise tooling.
