GoKawiilRamp raises $1.85B at $60B valuation, up from $44B four months ago
Expense management startup Ramp announced a $1.85 billion funding round led by Dragoneer Investment Group, Thrive Capital, Founders Fund, Sands Capital, and Avenir Growth, valuing the company at $60 billion. Ramp says its annualized revenue has topped $2 billion, up from $1.5 billion in June, with 85,000 customers and over $275 billion in annualized purchase volume, up 175% year over year.
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The rapid jump in valuation—up 36% in just four months—suggests investors are betting heavily on Ramp's pivot from basic expense management into a broader AI-infused financial operations platform. Products like its AI-agent credit card, model routing service, and the newly launched Glass workspace indicate the company is trying to position itself at the center of how businesses manage AI spending and workflows, though whether that strategy sustains such a lofty valuation remains to be seen.
- Ramp's valuation rose to $60 billion from $44 billion in just four months.
- The company reports annualized revenue over $2 billion and 85,000 customers, including Visa, Uber, and Shopify.
- Ramp is expanding beyond expense management into AI tools like model routing and an AI-agent credit card.
Source: techcrunch.com — Ram Iyer, 2026-10-15
Published there as: “Ramp reaches $60B valuation as it pushes deeper into AI”
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