Finance
US fintech startup Ramp has raised $1.85 billion in a primary financing round, reaching a valuation of $60 billion as it expands its artificial intelligence offerings across financial automation. The round was led by Dragoneer Investment Group and co-led by Thrive Capital, Founders Fund, Sands Capital and Avenir Growth.
The latest valuation marks a significant increase from $44 billion in June 2026, when Ramp raised $750 million. The company has raised approximately $5 billion in total equity financing, including the latest round.
Founded in 2019, Ramp provides corporate cards and expense management software to more than 85,000 companies, which collectively account for over $275 billion in annualised purchase volume. The company reported more than $2 billion in annualised revenue and positive cash flow.
Ramp is expanding its AI capabilities to include tools that monitor AI spending and optimise the costs of running AI models, alongside its existing expense management, procurement and treasury solutions.
Why It Matters
The funding highlights investor confidence in AI-powered financial automation as businesses seek greater visibility into spending, operational efficiency and technology costs.
CXO TechBOT Perspective
Ramp's expansion reflects the convergence of fintech and enterprise AI. For CFOs and CIOs, AI-enabled financial platforms can help strengthen spend governance, optimise procurement and improve oversight of growing AI infrastructure costs.
