Tagged: intake-to-procure

Zip is the AI platform for enterprise procurement, pioneering the intake-to-procure category and connecting the fragmented world of corporate spending into one orchestrated system. Founded in 2020 by Rujul Zaparde, Lu Cheng, and Felix Meng, Zip has processed over $500 billion in spend across 7.4 million suppliers, saved enterprise customers $6.8 billion, and raised $371 million at a $2.2 billion valuation - including the largest procurement tech investment in over two decades. With 50+ purpose-built AI agents, Zip is turning one of the most paper-heavy, approval-laden corners of corporate life into a fast, intelligent, and auditable process.