Zip Secures $190 Million in Landmark Series D Funding, Marking the Largest Investment in Procurement Technology in Over Two Decades
Atlassian Corporation - Class A (TEAM)
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Source: Business Wire
Revolutionary AI-powered platform transforms how global enterprises optimize spending, saving industry giants like Snowflake, Discover, and Sephora over $4.4 billion SAN FRANCISCO--(BUSINESS WIRE)--Zip, the world’s leading AI-powered procurement orchestration platform, today announced $190 million in Series D funding led by BOND. This landmark investment — one of the largest for an enterprise SaaS company this year — brings Zip's valuation to $2.2 billion, a significant increase from its $1.5 billion valuation in 2023. Additional participants in the round included new investors DST Global, Adams Street, and Alkeon, along with existing investors Y Combinator and CRV.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241021142811/en/Zip raises $190M Series D funding at a $2.2B valuation (Graphic: Business Wire)In today’s global economy where businesses face mounting pressure to optimize spend and mitigate risk, procurement — t
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