Product announcements by Ramp or coverage in technology and finance industry publications

Ramp Raises $150M at $7.65B Valuation, Aiming for AI Leadership in Finance

Apr 17, 2024, 11:39 PM

Ramp, initially launched as a smart corporate card, has raised $150 million in a Series D-2 funding round led by Khosla Ventures and Founders Fund, reaching a valuation of $7.65 billion. The investment, also supported by Greylock VC, emphasizes Ramp's evolution into a comprehensive platform for financial operations aiming to become the leading AI software platform in the sector. The company, serving 25,000 finance teams, has been backed since its early stages by investors like Keith Rabois. Co-founder Karim Atiyeh highlighted the role of AI in powering finance teams of ambitious companies, marking a milestone in Ramp's growth.