# Zipstack

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zipstack

- Industry: Software
- Headquarters: Los Altos, US
- Website: www.zipstack.com/
- Total disclosed funding: $5.2M
- Latest round: Seed (Nov 27, 2022)
- Investors on record: 2

## About

Zipstack Inc. delivers advanced artificial intelligence solutions with a focus on automating complex business processes for enterprises using their no-code platform, Unstract.Zipstack Inc. was founded in 2022 in Los Altos, US, providing AI-driven solutions for businesses. The company has completed one deal, with its most recent funding round occurring on November 27, 2022. Zipstack raised USD 5.24 mn in Seed funding, led by Together and backed by Lightspeed Venture Partners. The founder's background information is not available.Zipstack specializes in providing advanced artificial intelligence solutions designed to address complex business challenges within enterprises. Their core product offering includes a no-code LLM (Large Language Model) platform, Unstract, which enables businesses to automate intricate workflows that involve unstructured data. This platform is engineered for seamless integration, allowing users to set up operations quickly without the need for coding expertise. By automating workflows associated with document management and data processing, Zipstack aims to enhance efficiency and reduce operational costs for its clients. The products are aimed at a diverse clientele, including various industries that handle large volumes of unstructured data, and are marketed primarily in North America and Europe.Zipstack generates revenue through a subscription-based model for its LLM platform, which allows businesses to access and utilize its services on a recurring basis. Clients typically engage with the company under multi-year agreements, which provide them with continuous updates and support for the platform. Transactions between Zipstack and its customers are structured around annual or monthly subscription fees, with potential tiers based on the scale of usage and additional features required. The flagship product, Unstract, serves as the primary source of revenue, driving consistent income through client renewals and upgrades. This structured approach allows Zipstack to maintain a stable revenue stream while expanding its customer base across various sectors.Zipstack aims to leverage its recent funding of USD 5.24 mn raised in November 2022 to enhance its product offerings and expand its market presence. Plans include the development of new features for its Unstract platform to be launched in the upcoming quarters. The company is also targeting expansion into European markets, with efforts set for completion by the end of 2023. The funding will support these initiatives, enhancing product development and marketing efforts.

## Funding rounds

- Seed, Nov 27, 2022, $5.2M — Lightspeed Venture Partners, Together

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Seed
- Together (https://capitalatlas.ai/funds/together) — Seed