Zip is an enterprise software company founded in 2020 that builds an AI-powered procurement orchestration platform. Its core product manages the full source-to-pay cycle - from initial intake requests through approvals and payment - connecting finance, legal, IT, security, and procurement teams through a single, configurable interface. The platform uses no-code configuration and intelligent workflow automation to route requests and integrate across existing enterprise systems.
The company has raised $370 million in venture funding from investors including Y Combinator, Tiger Global, BOND, DST Global, and CRV, and is valued at $2.2 billion. It was named a Visionary in the 2026 Gartner Magic Quadrant for Source-to-Pay and appeared on LinkedIn's 2025 Top Startups list. Zip's customers include OpenAI, Snowflake, Anthropic, Coinbase, Prudential, Databricks, Canva, Airtable, and Webflow, with the platform reported to manage billions of dollars in spend across more than 100 enterprise customers.
Zip's technical work spans several domains, including applied AI and machine learning for procurement workflows, enterprise systems integration, finance automation, and security and IT procurement. The platform is built to operate across the complex, multi-stakeholder approval chains typical of large organisations, reducing process friction without requiring custom engineering for each configuration.