Zip Marks Fifth Anniversary with New Offices in San Francisco and New York, Celebrating Explosive Growth and Global Enterprise Adoption

Zip, a procurement orchestration platform, marks its fifth anniversary with new offices in San Francisco and New York. The company has grown from 250 to over 500 employees in a year, securing Global 2000 customers across every major industry. Zip has processed hundreds of billions in purchasing request volume and maintains 100% retention across its strategic enterprise customers. The company's valuation reached $2.2 billion in October 2024, marking the largest investment in procurement technology in over two decades.

Zip, a leading agentic procurement orchestration platform, has marked its fifth anniversary by unveiling new offices in San Francisco and New York. The company has experienced explosive growth, expanding its workforce from 250 to over 500 employees in the past year alone [2]. This growth is reflected in the company's customer base, which now includes Global 2000 customers across every major industry [2].

Zip has processed over $200 billion in purchasing request volume since its founding, running $15 billion in payments annually [2]. The company has maintained 100% retention across its strategic enterprise customers, demonstrating the value it provides to its clients [2].

The company's valuation reached $2.2 billion in October 2024, following a Series D funding round that marked the largest investment in procurement technology in over two decades [2]. This funding round validates Zip's position as the category leader in the market [2].

Zip's growth and success can be attributed to its relentless innovation and AI leadership. The company has introduced several groundbreaking features, including intake, dynamic approvals, full Procure-to-Pay capabilities, and generative AI [2]. Most recently, Zip has launched the Integration Platform and established the Zip AI Lab, further cementing its position as a leader in the industry [2].

The company's new offices in San Francisco and New York reflect its commitment to geographic expansion and talent acquisition. The San Francisco headquarters has doubled in size to 75,000 square feet, housing employees from top universities and companies such as Meta and Airbnb [2]. The New York office will serve as a permanent headquarters, positioning Zip closer to financial services and media giants [2].

Zip's journey from a startup to an enterprise standard represents one of the fastest value creation stories in enterprise software history. The company's ability to anticipate and shape market needs has enabled it to maintain a competitive edge in the market [2].

References:

[1] https://www.cryptopolitan.com/tesla-early-version-robotaxis-san-francisco/
[2] https://northeast.newschannelnebraska.com/story/52946212/zip-marks-fifth-anniversary-with-new-offices-in-san-francisco-and-new-york