Ramp Raises $1.85 Billion at $60 Billion Valuation
Ramp raised $1.85 billion in financing led by Dragoneer Investment Group, valuing the financial operations company at $60 billion.
Ramp is a financial technology company that provides corporate cards and expense management solutions.
Ramp raised $1.85 billion in financing led by Dragoneer Investment Group, valuing the financial operations company at $60 billion.
Ramp's transaction data puts AI adoption among US businesses at 56.1%, more than double the 22.1% the Census Bureau's survey records.
Ramp has signed a strategic collaboration agreement with Amazon Web Services and made its finance platform available through AWS Marketplace.
Ramp has launched Router.com, an API that routes AI requests to lower cost models that meet a developer set performance level. The service is live now and free through 2026.
Ramp has raised $500 million in a Series E-2 funding round, led by ICONIQ, bringing its valuation to $22.5 billion. The funds will accelerate AI development in financial operations.
Ramp has raised $200 million in a Series E funding round, led by Founders Fund, bringing its valuation to $16 billion.
Daily report covering major AI developments and industry news, with both top stories and complete market updates