"Procurement is broken," asserts Rujul Zaparde, co-founder and CEO of Zip. “Businesses waste billions navigating cumbersome approval systems and manually entering data. We're here to change that.” In a pivotal step toward revolutionizing procurement technology, Zip has announced a landmark $190 million Series D funding round, boosting the company’s valuation to $2.2 billion.
The funding round was led by BOND, with participation from new investors DST Global, Adams Street, and Alkeon, along with continued support from existing investors Y Combinator and CRV. “Zip is one of those rare opportunities in enterprise software that doesn’t come along often,” said Jay Simons, General Partner at BOND and former President of Atlassian. “What sets Zip apart is its relentless focus on
Positron Is Betting on Large Models. The Market Is Thinking Small
Mukundan Sivaraj
