Zip, the procurement orchestration startup, has closed a $100 million Series C funding round led by Tiger Global, with participation from existing investors Y Combinator, CRV, and Greenoaks Capital.
The company plans to use the funding to expand its AI capabilities, particularly in automated intake routing, predictive approval workflows, and intelligent supplier matching. Zip's platform has seen 300% year-over-year growth in enterprise adoption.
CEO Rujul Zaparde noted that enterprises are increasingly looking for AI-first procurement solutions that can reduce cycle times from weeks to hours.
fundingZipprocurementSeries C