Ramp just smashed records with a $750 million funding round, pushing its valuation to $44 billion—nearly triple from last year. Led by ICONIQ and GIC, with Goldman Sachs and Morgan Stanley joining, investors are betting big on Ramp’s explosive growth. Now generating over $1 billion in annual revenue and positive cash flow, the company serves more than 70,000 businesses including Visa and Uber. Beyond expense management, Ramp’s expanding into payments, fraud detection, and accounting—with AI at the core. Their new corporate card and AI agents are designed to tackle exploding AI costs, opening up a fresh revenue stream. With over $3 billion raised and an IPO on the horizon, Ramp is poised to redefine corporate finance.
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