Ramp Secures $750M, Hits $44B Valuation
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- Ramp raised $750 million in a funding round that valued the company at $44 billion, nearly tripling its valuation in a year.
- Ramp reported annualized revenue of over $1 billion (Bloomberg says run‑rate now exceeds $1.5 billion) and said it has achieved positive free cash flow.
- Ramp’s customer base grew to more than 70,000, up from 50,000 last November, counting Visa, Uber, Shopify, Anduril and Figma among its users.
- Ramp expanded its product suite to include payments, fraud detection, procurement, vendor management, accounting and AI agents, even launching a corporate credit card for AI agents.
- CEO Eric Glyman said Ramp aims to go public eventually and noted the company has raised over $3 billion in total funding.
Why it matters: Enterprises gain a unified way to track and control costly AI token usage, while investors capture equity in a fast‑growing fintech now valued at $44 billion. Ramp’s AI‑focused spend platform reshapes corporate budgeting for AI tools.
