en.Wedoany.com Reported - Ramp has completed $750 million in senior financing, achieving a valuation of $44 billion. The median annual savings and hours saved for the company's customers have increased by 50% and 32% year-over-year, respectively, with users of the full platform suite more than doubling their savings. Annualized revenue has exceeded $1 billion, with positive free cash flow and a total customer base of over 70,000.
Eric Glyman is the co-founder and CEO of Ramp. Over the past few months, Ramp has launched more than 70 products and features, completed strategic acquisitions of Billhop and Juno to lay the groundwork for European expansion, and deepened its partnership with Visa to enable AI agents to execute autonomous enterprise payments. This funding round was led by ICONIQ, GIC, and the Ontario Teachers' Pension Plan.
Eric Glyman stated that for 500 years, enterprise operations have been built on two pillars of expenditure: people and suppliers. Over the past 24 months, a third pillar—"intelligence"—has arrived, paid for by tokens, which existing systems cannot detect. Ramp is the infrastructure for this third pillar.
Despite having scaled approximately 20-fold, as of May 2026, Ramp's total payment volume in March 2026 still grew about 170% year-over-year, marking the highest growth rate in three years. This growth is driven by expanding into entirely new categories such as token expenditure management to address the fastest-growing costs for modern enterprises. Ramp has also entered the accounting firm market through its new platform, Stack, positioning itself as the primary infrastructure for enterprises to manage emerging AI-driven expenditures.
Key data for Ramp includes: annualized procurement volume of $200 billion; median customer savings of 5% in the first year, with revenue growth of 16%; enterprise business growing over 100% year-over-year, with more than 3,200 customers generating annualized revenue exceeding $100,000; most customers using two or more products on the platform; and total equity financing exceeding $3 billion after this round.
Ramp has launched several automated accounting tools: Ramp Stack is an AI operating system for accounting firms; Gen AI token expenditure management provides visibility and control over complex AI costs; Ramp Budgets enables real-time budget tracking for enterprise teams; the procurement agent covers the entire process from request to final payment; the accounting agent handles automated closing and financial reconciliation; and Ramp for Startups provides expenditure infrastructure for early-stage companies. The company also focuses on internal automation, with its internal software factory, Inspect, writing over two-thirds of the codebase, and its all-purpose AI workspace, Glass, covering teams from engineering to legal, achieving an internal AI adoption rate of 99.5%.
This funding round attracted new investors including Goldman Sachs Alternatives, D.E. Shaw & Co, Morgan Stanley Investment Management, Generation Investment Management, Insight Partners, and BroadLight Capital, as well as participation from existing investors such as Founders Fund, Lightspeed Venture Partners, D1 Capital Partners, T. Rowe Price, General Catalyst, Alpha Wave Global, 137 Ventures, Thrive Capital, Coatue, Sands Capital, Khosla Ventures, 1789 Capital, Avenir Growth, BoxGroup, 8VC, Pinegrove Venture Partners, Definition Capital, and Stripes. Eric added that finance is undergoing its biggest structural change since the spreadsheet, and every enterprise needs infrastructure to navigate the AI economy. While the company is growing rapidly, it is still only serving a small portion of the market.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
