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Zip

The future of B2B spend

ziphq.com
HQ: San Francisco, CA, USA
201-500
B2B

Company research

Public company, workplace, funding, and market signals

Updated Aug 2, 2026

Overview

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

Flexible

Industry

Enterprise software / information technology

Sub-industry

Procurement orchestration, source-to-pay, spend management and enterprise AI

Offices

San Francisco, California, United States — 680 Folsom Street, 13th Floor
New York, New York, United States — 245 W 17th Street, 11th Floor
Toronto, Ontario, Canada — 123 Front Street West, Suite 200
London, United Kingdom — 210 Euston Road

Business model

B2B enterprise SaaS subscription
Custom-quoted platform and module contracts
Implementation and enterprise transformation services
AI-agent and premium enterprise automation offerings

Funding

Stage

Private, Series D

Total raised

$371M

Latest round

Series D · Oct 2024

Latest amount

$190M

Series D

Oct 2024 · BOND

$190M

Series C

May 2023 · Y Combinator

$100M

Series B

Jan 2022 · YC Continuity

$43M

Series A

$25M

People & investors

Leadership

Rujul Zaparde

Co-Founder & Chief Executive Officer

Lu Cheng

Co-Founder & Chief Technology Officer

Felix Meng

Co-Founder; Vice President, Founding Team / GTM

Dallas Stonhaus

Chief Sales Officer

Investors

186 Ventures
Accomplice
Adams Street Partners
AirAngels
Airtree Ventures
Alkeon Capital
Alkeon Capital Management
Amasia
Angelic Ventures
Arrive
Baseline Ventures
BOND
Boston Seed Capital
CapitalG
Cedar Capital Group
Chemistry VC
Comal Ventures
CRV
DST Global
Five Sigma
Impellent Ventures
Innovation Endeavors
Madrona Venture Group
NextGen Venture Partners
NextView Ventures
Salesforce Ventures
SoftBank Group
SoftBank Investment Advisers
Tiger Global
Tiger Global Management

Work & culture

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

Start-up equity
Health, vision and dental coverage
Flexible PTO; US materials also describe unlimited PTO
401(k) plan / employer match
Catered in-office meals
Home-office stipend
Commuter benefit
Parental leave
Well-being and mental-health resources
Professional-development resources
Remote-first and hybrid work options
Up to four weeks of work-from-anywhere eligibility for eligible roles

Product & market

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

  • —Purpose-built procurement orchestration rather than a corporate-card or expense product with procurement added
  • —Single intake-to-pay front door spanning procurement, finance, legal, IT and security
  • —Designed to sit over and integrate with existing ERP/P2P systems, reducing replacement friction
  • —No-code/configurable workflows and rapid implementation relative to traditional source-to-pay suites
  • —Governed, auditable AI agents and procurement-native MCP capabilities
  • —Integrated intake, sourcing, contracts, supplier risk/onboarding, AP and payments
  • —Enterprise Transformation Office staffed by former procurement leaders

Technology

Amazon Web Services
Amazon S3
AWS Lambda
Amazon Simple Email Service (SES)
Google Workspace
Cloudflare
Google Tag Manager
Python (public GitHub repository)
Model Context Protocol (MCP) integration
Enterprise ERP/P2P integrations including SAP, Oracle, NetSuite and Workday

Customers

T-Mobile
OpenAI
Mars
Dollar Tree
Anthropic
AMD
Snowflake
Discover
Sephora
Coinbase
Northwestern Mutual
Canva
Webflow
Databricks
LinkedIn

Competitors

Coupa
SAP Ariba
Ivalua
JAGGAER
Oro Labs
Ramp
Brex
Tonkean
Levelpath
Omnea

Scale & contact

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

support@ziphq.com

Latest news

Zip Named a Leader for the Second Time in IDC MarketScape for Worldwide AI-Enabled Spend Orchestration 2026

Business Wire / Morningstar · Jul 2026

Zip announced a second IDC MarketScape Leader designation, highlighting full-lifecycle coverage, agentic AI and production enterprise deployments.

Zip Opens New York City Hub, Plans to Double Local Team

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.

Zip’s New AI Agents Want to Stop Your Finance Team From Uploading Contracts Into Personal ChatGPT Accounts

VentureBeat · Jun 2026

Zip introduced five Superagents, procurement-native MCP and AI Spend Automation, positioning governed and auditable agents as a central product direction.

Zip Surpasses $6 Billion in Customer Savings as Agentic Procurement Orchestration Transforms Enterprise Purchasing

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.

AI Software Firm Zip Valued at $2.2 Billion in Latest Funding Round

Reuters · Oct 2024

Reuters reported Zip’s $190 million Series D led by BOND at a $2.2 billion valuation.

About / teamCareersContactEngineering blogGitHubLinkedIn companyMain websiteNewsroomTrust / securityX
SourcesZip AboutZip CareersZip ContactZip Series D announcementZip NewsroomZip benefits articleZip LinkedIn company pageZip GitHub organizationZip engineering blogZip comparison pagesReuters Series D reportBusiness Wire Series C announcementTechCrunch Series B reportSemrush traffic estimateZip AI/engineering article

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