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In five years, Zaparde took Zip from Y Combinator to a Series D — the largest procurement tech investment in over a decade — building an AI procurement platform now trusted by OpenAI, Snowflake, and AMD to manage billions in spend.
Rujul Zaparde is the Co-Founder and CEO of Zip, the AI-powered procurement orchestration platform used by enterprises including OpenAI, Snowflake, and AMD.
Since founding Zip in 2020 with Lu Cheng, Zaparde has scaled the company to process hundreds of billions of dollars in spend across more than 7 million suppliers, with Zip surpassing $6 billion in cumulative customer savings. In 2026, Zip was named a Visionary in the Gartner Magic Quadrant for Source-to-Pay Suites, the youngest company ever recognized. Zaparde's vision centers on pioneering agentic procurement technology that transforms how organizations purchase in the AI era.
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