Business Software Startup Zip Is Valued at $2.2 Billion

(Bloomberg) — ZipHQ Inc., a startup developing AI-powered software for businesses buying goods and supplies, has raised $190 million from investors at a $2.2 billion valuation.

The round was led by new investor BOND, with participation from firms including DST Global, Y Combinator and CRV. The new valuation is a significant bump from the $1.5 billion value investors gave the startup last year.