{ "license": { "name": "CC BY 4.0", "url": "https://creativecommons.org/licenses/by/4.0/" }, "cite_as": "Newsprint, \"Zip: what it sells, price and AI features\", https://www.newsprint.com/companies/zip/, updated 2026-11-11", "updated_at": "2026-11-11", "url": "https://www.newsprint.com/companies/zip/", "markdown_url": "https://www.newsprint.com/companies/zip.md", "title": "Zip: what it sells, price and AI features", "opening_answer": "Zip is on the AI procurement software map. We record 5 dated launches and events for it. The latest is dated June 3, 2026.", "period": "June 10, 2025 to June 3, 2026", "methodology_url": "https://www.newsprint.com/updates/pr-software/#methodology", "company": { "id": "CRD8RG3", "slug": "zip", "name": "Zip", "aliases": [], "site": "https://zip.com/", "summary": "\"AI for procurement.\" Zip is an intake-to-procure and procure-to-pay platform for enterprise procurement, finance and legal teams. Employees ask for a purchase, Zip routes it through approvals, and AI agents do the checking: vendor research, contract review, price negotiation and invoice coding. It sells Superagents, an AI Procurement Concierge, AI Contract Orchestration and a procurement-native MCP.", "founded": null, "categories": [ "intake" ], "status": "active", "price_note": null, "update_channels": [], "updated_at": "2026-11-11", "off_map": null, "merged_into": null, "category_names": [ "Intake and orchestration" ] }, "confirmed_product_launches": 0, "dated_product_launches": 0, "undated_launches": 0, "launches_data_url": "https://www.newsprint.com/data/launches.json", "count": 0, "launches": [], "launch_list": false, "indexed": true, "summary": { "text": "\"AI for procurement.\" Zip is an intake-to-procure and procure-to-pay platform for enterprise procurement, finance and legal teams. Employees ask for a purchase, Zip routes it through approvals, and AI agents do the checking: vendor research, contract review, price negotiation and invoice coding. It sells Superagents, an AI Procurement Concierge, AI Contract Orchestration and a procurement-native MCP.", "source": { "name": "zip.com", "url": "https://zip.com/" }, "from": "record" }, "maps": [ { "map": "procurement-software", "title": "The AI procurement software map", "url": "https://www.newsprint.com/research/procurement-software/#co-zip", "section": "companies", "name": "Zip", "site": "https://zip.com/", "category": "Intake and orchestration", "what": "\"AI for procurement.\" Zip is an intake-to-procure and procure-to-pay platform for enterprise procurement, finance and legal teams. Employees ask for a purchase, Zip routes it through approvals, and AI agents do the checking: vendor research, contract review, price negotiation and invoice coding. It sells Superagents, an AI Procurement Concierge, AI Contract Orchestration and a procurement-native MCP.", "what_source": { "name": "zip.com", "url": "https://zip.com/" }, "price": "not published; sales-led (ROI calculator and demo request only)", "price_published": false, "capabilities": { "label": "AI capabilities", "items": [ "Named agent", "Contract review", "Assistant", "Guided buying", "AI intake", "Invoice and PO matching", "MCP or agent API", "AI negotiation", "RFx and bid analysis" ] }, "scale_tier": 3, "scale": "Funded challenger: institutional funding disclosed ($190M Series D at a $2.2B valuation (Oct 2024); its homepage names dozens of enterprise customers)", "founded": null, "founded_source": null, "fate": null, "sources": [ { "name": "zip.com", "url": "https://zip.com/" }, { "name": "silicon.co.uk", "url": "https://www.silicon.co.uk/press-release/zip-secures-190-million-in-landmark-series-d-funding-marking-the-largest-investment-in-procurement-technology-in-over-two-decades" } ], "more_sources": 0, "cross_listed": false } ], "off_map_url": null, "timeline": [ { "id": "event-1", "url": "https://www.newsprint.com/companies/zip/#event-1", "on": "2026-06-03", "date_precision": "day", "title": "Zip launches Superagents and a procurement MCP", "summary": "Zip announced Zip Superagents, five agents named Procurement, Contract, AP, Config and Intake, and Zip MCP, a procurement-focused Model Context Protocol implementation that connects Zip to any MCP-compatible AI assistant.", "kind": "Launch", "from": { "name": "The AI procurement software map", "url": "https://www.newsprint.com/research/procurement-software/#co-zip" }, "source": { "name": "TechIntelPro", "url": "https://techintelpro.com/news/ai/agentic-ai/zip-launches-ai-superagents-and-mcp-for-procurement" } }, { "id": "event-2", "url": "https://www.newsprint.com/companies/zip/#event-2", "on": "2026-05-06", "date_precision": "day", "title": "Zip launches AI Automation for Procure-to-Pay", "summary": "Zip launched a set of specialized AI agents that handle accounting work from purchase request through payment, including budget checks and invoice review before anything reaches an approver.", "kind": "Launch", "from": { "name": "The AI procurement software map", "url": "https://www.newsprint.com/research/procurement-software/#co-zip" }, "source": { "name": "Vendor blog", "url": "https://zip.com/blog/introducing-ai-automation-p2p" } }, { "id": "event-3", "url": "https://www.newsprint.com/companies/zip/#event-3", "on": "2026-04-16", "date_precision": "day", "title": "Zip launches AI Contract Orchestration", "summary": "Zip launched AI Contract Orchestration inside its procurement workflow: AI-suggested redlines from pre-approved playbooks, AI contract review with risk summaries, triage by contract type and risk, and AI contract generation.", "kind": "Launch", "from": { "name": "The AI procurement software map", "url": "https://www.newsprint.com/research/procurement-software/#co-zip" }, "source": { "name": "Vendor blog", "url": "https://zip.com/blog/introducing-ai-contract-orchestration" } }, { "id": "event-4", "url": "https://www.newsprint.com/companies/zip/#event-4", "on": "2025-10-22", "date_precision": "day", "title": "Zip adds a Price Negotiation Agent and a Preferred Vendor Agent", "summary": "At Zip Forward, Zip announced a Price Negotiation Agent that flags overpayments and supports better supplier deals across IT, software, professional services and advertising from purchase history and market benchmarks, and a Preferred Vendor Agent that surfaces approved suppliers at intake.", "kind": "Launch", "from": { "name": "The AI procurement software map", "url": "https://www.newsprint.com/research/procurement-software/#co-zip" }, "source": { "name": "TechIntelPro", "url": "https://techintelpro.com/news/ai/enterprise-ai/zip-launches-ai-negotiation-agent-to-cut-enterprise-spend-by-millions" } }, { "id": "event-5", "url": "https://www.newsprint.com/companies/zip/#event-5", "on": "2025-06-10", "date_precision": "day", "title": "Zip unveils 50+ AI agents and an Agent Builder", "summary": "Zip launched a suite of more than 50 AI agents for procurement, finance, legal, IT and security tasks such as tariff impact checks, vendor research, RFP drafting and privacy and ESG screening, plus a no-code AI Agent Builder. It calls the category agentic procurement orchestration.", "kind": "Launch", "from": { "name": "The AI procurement software map", "url": "https://www.newsprint.com/research/procurement-software/#co-zip" }, "source": { "name": "Business Wire release via Silicon UK", "url": "https://www.silicon.co.uk/press-release/zip-unveils-suite-of-50-ai-agents-to-automate-high-impact-tasks-across-finance-legal-procurement-it-and-security" } } ] }