Ramp Secures $500 Million to Boost AI in Finance

July 30, 2025
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 $500 million in a Series E-2 funding round, led by ICONIQ, bringing its valuation to $22.5 billion, announced in a press release. This funding round also saw participation from new investors such as Sutter Hill Ventures, Lightspeed Ventures, Google Ventures, and others.

The financial operations platform plans to use the funds to accelerate its AI initiatives, which include the development of autonomous AI agents. These agents are designed to streamline financial processes by automating tasks such as transaction reviews and policy enforcement. Ramp's AI agents have already demonstrated significant efficiency improvements, catching 15 times more policy violations with near-perfect accuracy.

With this latest funding, Ramp has raised a total of $1.9 billion in equity financing. The company serves over 40,000 clients and manages more than $80 billion in annualized purchase volume. Its product offerings include corporate cards, expense management, bill payments, procurement, travel booking, and treasury services.

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