Zip
AI procurement orchestration unicorn ($2.2B valuation) used by Anthropic, OpenAI, AMD, T-Mobile; the only Visionary in Gartner Source-to-Pay 2026.
What is Zip?
Zip is a San Francisco-based AI procurement orchestration platform founded in 2020 by Rujul Zaparde (CEO), Lu Cheng (CTO), and Felix Meng. The platform delivers intake-to-procure, procure-to-pay, supplier onboarding, sourcing, risk orchestration, contract orchestration, and an AI Procurement Concierge, making Zip the only procurement orchestration platform with full intake-to-pay capabilities and the most widely deployed AI agents in enterprise procurement. Customers include **Anthropic, OpenAI, AMD, Discover, Dollar Tree, T-Mobile**, and hundreds more global enterprises; Zip has delivered over **$6 billion in customer savings**. The company has raised **$358M total** across 6 rounds, most recently a **$190M Series D in October 2024 at a $2.2B valuation**, the largest investment in procurement technology in over two decades. In January 2026, Zip was named a **Visionary in the 2026 Gartner Magic Quadrant for Source-to-Pay Suites**, the only agentic procurement orchestration platform to make the list. The team has scaled to ~1,243 employees as of April 2026 with global offices including London and a strong European presence (Zip Forward Europe 2026 hosted 300+ finance and procurement leaders in London).
Mission & values
Bring order to enterprise spend, give every employee a fast, friendly intake experience while giving finance, procurement, and IT full control and visibility across every supplier, contract, and dollar.
Qualifications
Zip hires across engineering (web, mobile, AI/ML, platform, data, infrastructure, integrations), product, design, sales (Enterprise AE, SDR, solutions engineering, partnerships), customer success, marketing, finance, legal, and people. The company is **remote-friendly across the US** for most engineering and GTM roles, with a San Francisco headquarters and a growing London office. Senior procurement-domain expertise (Coupa, Ariba, SAP, Oracle) is highly valued for product, solutions engineering, and customer-success roles. Apply via zip.com/careers.
Leadership
Lu Cheng
Co-Founder & CTO
Co-founded Zip in 2020; previously an engineering leader at Airbnb. Leads platform engineering across the intake-to-pay stack.
Felix Meng
Co-Founder
Co-founded Zip in 2020 alongside Rujul and Lu.
Hiring process
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1
Apply via zip.com/careers
Browse open roles and submit your resume + brief note on why Zip.
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2
Recruiter screen
Initial conversation to confirm fit, location, comp expectations.
About 3 days
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3
Hiring manager interview
Role-specific deep-dive, past projects, technical depth, procurement-domain experience where relevant.
About 5 days
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4
Craft / technical loop
Multi-round interviews, coding + system design for eng, portfolio for design, case study for product/GTM.
About 7 days
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5
Founder + offer
Final round often with a founder or executive, then offer + comp + equity discussion.
About 5 days
Funding
Awards & recognition
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$2.2B valuation Series D ($190M round) · 2024
BOND
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Visionary, 2026 Gartner Magic Quadrant for Source-to-Pay Suites · 2026
Gartner
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$6B+ in customer savings delivered · 2025
Zip
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Customers include Anthropic, OpenAI, AMD, Discover, T-Mobile, Dollar Tree · 2026
Zip
Company information
- Industry: Procurement Orchestration / B2B SaaS / Enterprise FinTech
- Location: San Francisco, CA, USA
- Founded: 2020
- Employees: 1,243
- Website: zip.com ↗
- LinkedIn: Company page ↗
- X / Twitter: Profile ↗