Business Wire / Morningstar · Jul 2026
Zip announced a second IDC MarketScape Leader designation, highlighting full-lifecycle coverage, agentic AI and production enterprise deployments.
Public company, workplace, funding, and market signals
Updated Aug 2, 2026
Zip (also known as ZipHQ) is a private enterprise-software company founded in 2020 that created the procurement-orchestration category. Its platform provides a governed, AI-enabled front door for business purchasing and coordinates workflows across procurement, finance, legal, IT, security, suppliers and payment systems. Official company claims include more than $500 billion in orchestrated spend and over $6.8 billion in customer savings as of the latest company profile; metrics vary by announcement date.
Primary product
Zip AI procurement orchestration: an intake-to-pay platform covering Intake-to-Procure, Procure-to-Pay, sourcing, supplier onboarding, risk orchestration, contract orchestration, AP automation, payments/vendor cards, and AI agents.
Founded
2020
Headquarters
San Francisco, California, United States
Team size
Approximately 700–800 employees according to a current LinkedIn company-profile estimate; other workforce databases report materially higher estimates, so this is not an audited count.
Work style
125 jobs at Zip
Flexible
Industry
Enterprise software / information technology
Sub-industry
Procurement orchestration, source-to-pay, spend management and enterprise AI
Offices
Business model
Leadership
Co-Founder & Chief Executive Officer
Co-Founder & Chief Technology Officer
Co-Founder; Vice President, Founding Team / GTM
Chief Sales Officer
Zip describes a product- and engineering-led, customer-focused culture organized around values including “Be the underdog,” “Just own it,” “Go upstream,” “Win as one,” “Make it delightful,” and “Be Zippy.” Careers materials emphasize collaboration between people and AI agents, ownership, curiosity and rapid problem-solving. US materials describe remote-first/hybrid flexibility, while offices are used for connection and collaboration.
Work style
Flexible
Compensation
Public careers materials explicitly mention start-up equity and benefits but do not publish a general compensation framework. A third-party workforce estimate reports approximately $127,000 average salary globally, but this is not a Zip disclosure and should be treated cautiously; role-level postings should be used for actual salary ranges.
Benefits
Pricing
Custom enterprise pricing; Zip does not publish list prices. Public buyer/market estimates describe platform- and scope-based annual contracts, typically driven by company size, active users/workflows, integrated systems, enabled modules and AI usage rather than a simple public per-seat price. Treat third-party ranges as directional only.
Differentiators
Technology
Customers
Competitors
Estimated revenue
Public estimates are inconsistent and unaudited: approximately $20M–$30M annual revenue in a current LinkedIn company-profile estimate; another commercial database reports $380M for 2024. Because the figures conflict substantially, revenue should be considered unknown rather than financial guidance.
Estimated monthly visits
19.8K
Business Wire / Morningstar · Jul 2026
Zip announced a second IDC MarketScape Leader designation, highlighting full-lifecycle coverage, agentic AI and production enterprise deployments.
Business Wire / Morningstar · Jul 2026
Zip announced a Chelsea, New York hub and plans to double the local team, citing enterprise demand and a growing East Coast customer base.
VentureBeat · Jun 2026
Zip introduced five Superagents, procurement-native MCP and AI Spend Automation, positioning governed and auditable agents as a central product direction.
Business Wire · Dec 2025
Zip reported more than $6 billion in customer savings, 50-plus purpose-built AI agents, more than 7 million suppliers managed and new enterprise customers including LinkedIn, PIMCO, Block and Mars.
Reuters · Oct 2024
Reuters reported Zip’s $190 million Series D led by BOND at a $2.2 billion valuation.