
Zip
Founded Year
2020Stage
Series C | AliveTotal Raised
$168.13MValuation
$0000Last Raised
$100M | 1 yr agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-43 points in the past 30 days
About Zip
Zip operates as an intake-to-procure solution company. It provides a platform for employees to initiate purchases and vendor requests. The platform recommends the vendors check price benchmarks and integrate with the accounting, contract management, and information technology (IT) systems of companies. It caters its services to a wide range of businesses. The company was founded in 2020 and is based in San Francisco, California.
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Zip's Product Videos


ESPs containing Zip
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The supplier relationship management platforms market provides a centralized digital space for managing supplier relationships, from onboarding to performance evaluation. They enable organizations to collaborate more effectively with suppliers, ensuring timely deliveries, quality control, and cost savings. By leveraging these platforms, companies can gain real-time visibility into their supplier e…
Zip named as Leader among 15 other companies, including o9 Solutions, Sourcemap, and PaymentWorks.
Zip's Products & Differentiators
Zip Intake-to-Procure
Drive enterprise-wide purchasing policy adoption to unlock spend control and visibility. Zip Intake-to-Procure centralizes intake for any procurement request and automatically orchestrates cross-functional approvals. Make process compliance intuitive while eliminating manual collaboration from requests, approvals, and vendor onboarding with an enterprise-grade, no-code workflow platform.
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Research containing Zip
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Zip in 2 CB Insights research briefs, most recently on Dec 8, 2023.

Dec 8, 2023 report
The top 25 most successful startup accelerators
Oct 12, 2023
The procurement tech market mapExpert Collections containing Zip
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Zip is included in 3 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,244 items
Fintech
9,297 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Fintech 100
100 items
Latest Zip News
Sep 20, 2024
News provided by Share this article Share toX Latest recognition marks eleventh consecutive year of Pure Storage being recognized as a Gartner Magic Quadrant Leader SANTA CLARA, Calif., Sept. 20, 2024 /PRNewswire/ -- Pure Storage® (NYSE: PSTG ), the IT pioneer that delivers the world's most advanced data storage technology and services, today announced it has been recognized by Gartner as a Leader in the Magic Quadrant for Primary Storage Platforms, positioned highest on the Ability to Execute axis and furthest on the Completeness of Vision axis. The latest recognition by Gartner marks the fifth consecutive year that Pure Storage has been positioned highest and furthest in this report, as well as the eleventh consecutive year as a Gartner Magic Quadrant Leader. Industry Significance: Enterprises are grappling with a range of challenges: from scaling AI initiatives, to defending against evolving cyber threats, to managing energy consumption. Traditional IT infrastructure has proven to be inadequate, riddled with inflexible storage solutions that can't keep up with rapid technological advancements and performance needs. This lack of agility hampers AI growth and heightens vulnerability to sophisticated cyberattacks, while increasing energy costs and power demands add further strain. To tackle these challenges, businesses require a modernized data infrastructure that provides the agility, reliability, and efficiency necessary for effective solutions. Platform Momentum: The Pure Storage Platform delivers unmatched agility and risk reduction with a simple, unified storage platform and flexible as-a-service experience for the broadest range of use cases - from on-premises to the public cloud to hosted environments. Central to the platform, the often imitated but never duplicated Evergreen® architecture ensures continuous, non-disruptive upgrades, enabling enterprises to quickly adapt in today's dynamic business landscape. With the industry's most comprehensive set of concurrent SLAs, customers get the reliability, performance, and energy efficiency required to modernize their businesses. The Pure Storage Platform has introduced several innovations and industry-first milestones over the past year to help organizations accelerate their AI initiatives, improve cyber resiliency and address today's pressing power challenges, including: First Purpose-Built AI Storage-as-a-Service: Evergreen//One™ for AI guarantees storage performance for GPUs to support training, inference, and HPC workloads, extending Pure's position for capacity subscriptions, and introduces the ability to purchase based on dynamic performance and throughput needs. This unique SLA eliminates the need for planning or overbuying. First-of-its-Kind Storage Automation: Pure Fusion™ seamlessly integrates and optimizes storage pools for both structured and unstructured data, across on-premises and cloud environments. Embedded in the Purity operating system, Fusion will soon be available across the entire Pure Storage Platform to all global customers. First Generative AI Copilot for Storage: Raising the bar again for simplicity, the industry's first generative AI copilot for storage represents a radically new way to manage and protect data using natural language. This leverages data insights from tens of thousands of customers to guide storage teams through every step of complex and unforeseen performance and management issues and staying ahead of security incidents. Intelligence-Driven Security Assessment: The assessment provides deep visibility into fleet-level security risks and offers actionable insights to maximize cyber resilience. Based on aggregated intelligence across 10k+ environments, it delivers numerical scores to benchmark an entire storage fleet's security posture, while also offering best practices to align with NIST 2.0 standards, advance regulatory compliance, remediate potential security anomalies, and rapidly restore operations. Pure's AI copilot leverages the assessment to provide CISOs the ability to benchmark security posture against other Pure customers. Industry-First Paid Power and Rack Commitment: Pure Storage pays for its customers' power and rack space through Evergreen//One, taking responsibility for the associated costs of power and rack unit to run our offerings. As AI workloads become increasingly power-hungry and data center demands surge, Pure's paid power and rack solution—combined with 10x lower power consumption—helps IT manage rising electricity costs and space constraints more efficiently. Customer Experience: As of September 20, 2024, Pure Storage has an Overall Rating of 4.8 out of 5 in the Primary Storage Platforms market, with 98% of reviewers willing to recommend, based on 617 reviews on Gartner Peer Insights™. Hear from our customers: "My experience with Pure has been nothing but positive. I have been using their storage platforms for over 3 years and never had a negative experience with the product or customer service. It's been the best storage solution I have ever worked with." ( $1B-$3B USD Telecommunications Company Review ) "Pure not only provides an amazing product, but also an excellent customer experience. They are truly partners and assist to no end to ensure you are using their product to its fullest." ( $10B-$30B USD Healthcare and Biotech Company Review ) "A green choice that makes a lot of sense. Working with Pure is just easy. The account team is available and very knowledgeable, and support is easy to reach and work with any day/time. There are multiple failsafes built-in and upgrades are non-disruptive." ( $50M - $250M USD Banking Company Review ) Executive Insight: "Pure Storage delivers the industry's most integrated and powerful storage platform, all under one consistent operating system and control plane. While legacy storage vendors add complexity, we've focused on simplifying data management by delivering a true, consistent data experience inclusive of our SLA-driven storage-as-a-service. The Pure Storage Platform empowers our customers to seize the opportunities of tomorrow, from AI and cyber resiliency to sustainability." – Charles Giancarlo, Chief Executive Officer, Pure Storage About Gartner Magic Quadrant Magic Quadrant™ reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables organizations to get the most from market analysis in alignment with their unique business and technology needs. Analyst Recognition: Gartner, Magic Quadrant for Primary Storage, Jeff Vogel, Chandra Mukhyala, 17 September 2024 Magic Quadrant for Primary Storage Platforms was previously known as Magic Quadrant for Solid State Arrays from 2014 to 2018 and was called Magic Quadrant for Primary Storage Arrays in 2020. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. About Pure Storage Pure Storage (NYSE: PSTG ) delivers the industry's most advanced data storage platform to store, manage, and protect the world's data at any scale. With Pure Storage, organizations have ultimate simplicity and flexibility, saving time, money, and energy. From AI to archive, Pure Storage delivers a cloud experience with one unified Storage as-a-Service platform across on premises, cloud, and hosted environments. Our platform is built on our Evergreen architecture that evolves with your business – always getting newer and better with zero planned downtime, guaranteed. Our customers are actively increasing their capacity and processing power while significantly reducing their carbon and energy footprint. It's easy to fall in love with Pure Storage, as evidenced by the highest Net Promoter Score in the industry. For more information, visit www.purestorage.com . Pure Storage, the Pure Storage P Logo, Pure Fusion, Evergreen, Evergreen//One and the marks on the Pure Storage Trademark List are trademarks or registered trademarks of Pure Storage Inc. in the U.S. and/or other countries. The Trademark List can be found at purestorage.com/trademarks . Other names may be trademarks of their respective owners. Connect with Pure
Zip Frequently Asked Questions (FAQ)
When was Zip founded?
Zip was founded in 2020.
Where is Zip's headquarters?
Zip's headquarters is located at 1 Sansome Street, San Francisco.
What is Zip's latest funding round?
Zip's latest funding round is Series C.
How much did Zip raise?
Zip raised a total of $168.13M.
Who are the investors of Zip?
Investors of Zip include Y Combinator, CRV, Tiger Global Management, FOG Ventures and SV Angel.
Who are Zip's competitors?
Competitors of Zip include Airbase and 4 more.
What products does Zip offer?
Zip's products include Zip Intake-to-Procure and 1 more.
Who are Zip's customers?
Customers of Zip include Databricks, Lattice and Canva.
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Compare Zip to Competitors

Kyriba is a company that focuses on enterprise liquidity management in the financial services sector. The company offers a range of services including treasury management, risk management, payments processing, and working capital management, all aimed at enabling real-time, intelligent enterprise liquidity decisions. Kyriba primarily serves sectors such as retail, financial services, higher education, healthcare, and manufacturing. It was founded in 2000 and is based in San Diego, California.

Glean AI specializes in accounts payable automation and spend intelligence within the financial software sector. The company offers a platform that streamlines accounts payable processes through automated data extraction, GL coding, bill approvals, payments, and financial insights to help businesses manage and optimize their vendor spend. Glean AI primarily serves accounting and finance teams looking to enhance efficiency and gain strategic insights into their spending patterns. It was founded in 2019 and is based in New York, New York.

Stampli focuses on accounts payable automation and invoice management. The company offers a range of products to provide efficiency, visibility, and control for payments, employee expenses, corporate credit card spending, and vendor management. Stampli's services are primarily utilized by sectors such as healthcare, hospitality, professional services, construction, retail, and manufacturing. It was founded in 2014 and is based in Mountain View, California.

Ramp specializes in spend management solutions within the financial technology sector. The company offers a suite of products that include corporate cards, expense management, and accounts payable automation designed to streamline finance operations and improve efficiency for businesses. Ramp's platform also provides features such as automated procurement, vendor management, and working capital solutions, catering to a diverse range of customer needs from startups to large enterprises. It was founded in 2019 and is based in New York, New York.
CHERRY is a B2B payment processing solution that specializes in integrating accounting software with bank payment platforms. The company offers a plugin that automates payments, streamlines approvals, and facilitates reconciliation, thereby reducing manual processes for businesses. CHERRY primarily serves businesses looking to enhance their accounting and financial workflows through automation. It was founded in 2018 and is based in Brooklyn, New York.
Kyshi is a company focused on digital expansion and payment reconciliation within the fintech sector. The company offers solutions for smart payment networks, efficient B2B payments in emerging markets, fraud and risk management, and simplified integration for market entry. Kyshi primarily serves sectors that require cross-border payment solutions and merchant of record services for expanding into new markets. It was founded in 2020 and is based in London, England.
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