AI-powered procurement orchestration platform that automates purchase intake, approvals, sourcing, supplier onboarding and payments for large enterprises.
Zip sells an AI procurement platform. Employees use one front door to submit purchase requests. Zip routes each request for approval across finance, legal, IT, security and procurement, and connects to ERPs such as NetSuite and Oracle. Its products now cover intake-to-pay, sourcing, supplier onboarding, AP automation, payments and AI agents. Its customers are large enterprises, and Zip's site names T-Mobile, OpenAI, AMD, Mars and Dollar Tree. Zip was founded in 2020 and raised a $190M Series D led by BOND at a $2.2B valuation in October 2024. Total funding is reported at roughly $358–371M, and the company says it has processed over $500B in spend.
AI procurement orchestration platform. Latka est. $193M ARR (2025); $190M Series D at $2.2B (Oct 2024).
