Oct 21, 02:30 PM

ZipHQ Raises $190 Million in Series D Funding, Largest Investment in Procurement Technology

ZipHQ, a startup developing AI software for businesses, has raised $190 million in Series D funding. The investment round was led by BOND, with participation from DST Global, Adams Street, and Alkeon Capital, as well as continued support from Y Combinator and CRV. This funding brings ZipHQ's valuation to $2.2 billion, marking the largest investment in procurement technology in over two decades. The company uses AI to help businesses manage the procurement of goods and services.