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Ramp Completes $750M Funding Round, Valuation Rises to $44B; Accelerates AI Spend Management

AI Tools & Apps

2026-06-04 13:00:00

GS4.59%

MS3.68%

According to PR Newswire, on June 4, Ramp completed a $750 million funding round at a $44 billion post-money valuation. ICONIQ, GIC, and Ontario Teachers' Pension Plan led the round, with Goldman Sachs, D.E. Shaw, and Morgan Stanley also participating. Ramp reported 170% year-over-year growth in total payment volume for March 2026, and will deploy the new capital to expand AI-powered products, including AI token spend management, Stack accounting AI operating system, and automated procurement and accounting agents. The company generated over $1 billion in annualized revenue and processed approximately $200 billion in annualized transaction volume, serving over 70,000 customers.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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