AI Procurement Startup Zip Secures $190M at $2.2B Valuation

Zip will use the funds to enhance AI capabilities and expand globally, reflecting strong investor interest in AI-driven solutions.

Zip's valuation increased from $1.5 billion to $2.2 billion following a successful Series D funding round.
The funding round was led by BOND and included participation from DST Global, Adams Street Partners, and Alkeon Capital.
Zip's AI-powered platform streamlines procurement processes for companies, helping them save time and reduce costs.
The company plans to invest in research and development, including the creation of an internal AI lab for new tools.
Zip aims to expand its operations in Europe, the Middle East, and Asia, supported by the new funding.