Market2026-10-15

Ramp raised $1.85B at a $60B valuation. The round was co-led by Dragoneer, Thrive, Founders Fund, Sands Capital, and Avenir Growth. Annualized revenue now exceeds $2B. Customer count reached 85,000. It now embeds AI agents across procurement, expense, and accounting products. Ramp launched a corporate credit card for AI agents. It entered the model routing business in August. Glass, a workspace for AI automations, launched earlier this month. Total funding raised is now about $5B.

What changed

Ramp was valued at $44B in June 2026.

What it unlocks

Expanding into AI-driven procurement, expense management, accounting, and model routing services.

  • $60B valuation
  • $1.85B raised
  • $2B annualized revenue
  • 85,000 customers

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