Corporate spend management company Ramp has raised $1.85 billion in a new funding round, reaching a $60 billion valuation just four months after its previous financing. The round was co-led by Dragoneer Investment Group, Thrive Capital, Founders Fund, Sands Capital, and Avenir Growth. Ramp said its annualized revenue has surpassed $2 billion and that it now serves 85,000 customers, including Visa, Uber, and Shopify. The company is also embedding AI agents into products covering procurement, spend management, and accounting, while rolling out a corporate credit card built specifically for AI agents. According to TechCrunch, early Ramp investor Keith Rabois said the company’s longer-term goal is to compete with Anthropic and become the main way people manage spending for AI tokens.
Corporate spend management company Ramp said it has raised $1.85 billion in a new funding round at a $60 billion valuation, only four months after its previous financing.
The round was co-led by Dragoneer Investment Group, Thrive Capital, Founders Fund, Sands Capital, and Avenir Growth.
Revenue, customer base, and AI product rollout
Ramp said its annualized revenue has exceeded $2 billion and that it now has 85,000 customers, including Visa, Uber, and Shopify.
The company is embedding AI agents into products across procurement, spend management, and accounting. It has also launched a corporate credit card designed specifically for AI agents.
Investor comment on long-term goal
According to TechCrunch, early Ramp investor Keith Rabois said Ramp’s future goal is to compete with Anthropic and become the primary way people manage spending for AI tokens.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
