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Well Run profileThe Chase Pack · #146 of 720

Position 146

Zip

AI procurement platform that runs company purchasing from intake to pay

Pace
4:05/kmRace4.5
Distance
Distance Half.
Open ops roles
4
Last week
#125
Move
▼ 21
Peak
#125
Weeks in the 100
0
The Chart →
Rank and score over time
Board rank
#115#133#150#125Oct 18#140Oct 25
Pace score
02464.5Oct 184.5Oct 25

One point per Sunday re-rank, tracking since Oct 18. The lines fill in week by week.

Sprint 3:30/km
Race 4:05/kmZip
Tempo 4:40/kmOmnea
Steady 5:20/km
Warm-up 6:00/km
Cool-down 6:30/km
Zip runs in the Race lane. Rivals on Well Run sit in their own pace lanes; further right = more momentum. Tap one to open its page.Also competes with: Coupa, SAP Ariba, Tonkean, Ivalua
Total raised
$371M (company-stated)see rounds ↓
Headcount
1,259 (Tracxn official count)as of Oct 2026 platform.tracxn.com ↗
Founded
2020
HQ
San Francisco, CA

Leadership

The problem

Buying anything at a big company means slow, opaque approvals across many teams

What they do

AI procurement platform that runs company purchasing from intake to pay

Traction $1.2T+ cumulative spend orchestrated; Gartner Visionary 2026

Hiring trend

Open roles
109
Ops roles
4
Headcount
~900

Headcount ~400 (2023) → ~900 (Sep 2026)

Hiring in

  • San Francisco
  • London
  • Toronto
  • Remote (Israel)
  • Remote (Australia)

Funding

Last round
$190M
Stage
Series D
Date
Oct 2024

Led by BOND

Distance

Half · edge: hard to leave

Leader in procurement intake, with $1.2T+ spend run through it; spending heavily.

Sources: Zip: Visionary in 2026 Gartner Magic Quadrant (Jan 2026) ↗

Last checked Oct 25, 2026

News timeline

  1. Sep 2026Zip Forward 2026: sourcing/PO superagents and AI vendor-risk orchestration zip.com ↗
  2. Jul 2026Opens New York City hub, plans to double local team investor.wedbush.com ↗
  3. Jun 2026Launches AI Superagents and procurement-native MCP markets.financialcontent.com ↗
  4. May 2026Launches AI agents for accounting close markets.financialcontent.com ↗
  5. Jan 2026Named a Visionary in Gartner Magic Quadrant for Source-to-Pay ziphq.com ↗
  6. Dec 2025Says customers surpassed $6B in savings; $355B spend processed in 2025 businesswire.com ↗

Funding historyTotal raised $371M (company-stated)

  1. Oct 2024Series D$190Mat $2.2BLed by BOND zip.com ↗
  2. May 2023Series C$100Mat $1.5BLed by Y Combinator forbes.com ↗
  3. May 2022Series B$43Mat $1.2BLed by YC Continuity techcrunch.com ↗
  4. Aug 2021Series A$25MLed by CRV businesswire.com ↗
  5. Aug 2020Seed$11.1MLed by CRV app.dealroom.co ↗
  6. Mar 2020Seed (Y Combinator S20)$125KLed by Y Combinator app.dealroom.co ↗

Profile facts checked Oct 19, 2026. Every fact links to its public source.

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