Folio is a B2B fintech and procure-to-pay platform built specifically for the hospitality industry, primarily hotels and their restaurants. Often described as the 'Amazon for hotels,' it unifies purchasing, invoice processing, supplier payments, inventory, and expense management into one system, using AI to automate invoice matching and surface savings. Founded in 2023 by two former Plaid colleagues and based in Durham, North Carolina, Folio raised a $14M Series A led by Thrive Capital and Construct Capital in July 2025 and powers hundreds of hotels.
Rajiv Ramanan is the Co-Founder and Chief Revenue Officer of Spendflo, an AI-native procurement platform that helps fast-growing companies bring structure, visibility, and control to how they buy and manage software vendors. A Chennai native now based in San Francisco, Rajiv spent years at Freshworks building partner ecosystems and working with over 5,000 vendors before co-founding Spendflo in 2021 alongside Siddharth Sridharan and Ajay Vardhan. Under his GTM leadership, Spendflo has raised $15.9M in total funding, grown to 140 employees, and manages over $100M in SaaS expenditure for customers—delivering an average 23% reduction in software spend.
Globality builds AI-powered autonomous sourcing software that helps Fortune 500 enterprises run procurement projects without the spreadsheets, RFPs, and consultants that have ruled the function for decades. Its AI agent, Glo, scopes projects, finds suppliers, analyzes proposals, and negotiates - all in natural language.
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.
Rujul Zaparde is the co-founder and CEO of Zip, the $2.2 billion AI platform for enterprise procurement trusted by OpenAI, Anthropic, Snowflake, and hundreds of leading enterprises. A serial entrepreneur who dropped out of Harvard at 17 to co-found FlightCar (acquired by Mercedes-Benz in 2016), he later joined Airbnb as a product manager and served as a Visiting Partner at Y Combinator before launching Zip in 2020. Under his leadership, Zip has raised $371 million in funding, processes over $107 billion in spend, and manages 3.9 million suppliers, while enabling over $4.4 billion in customer savings. He also co-founded Drinking Water for India, building 50+ wells serving 100,000+ people.
Siddharth Sridharan is the Co-Founder and CEO of Spendflo, an AI-native procurement platform that helps fast-growing and enterprise companies manage SaaS vendor relationships and cut software spend. He co-founded Spendflo in 2021 after spotting a universal blind spot: CFOs had no centralized way to track or negotiate SaaS contracts. Backed by $15.9M in funding including a Series A, Spendflo has grown to 140 employees and operates out of San Francisco, promising guaranteed savings on software procurement through a hybrid AI-plus-expert-negotiation model.