Ramp closed a $1.85B round at a $60B valuation, four months after raising $750M at $44B. Dragoneer led, with Thrive, Founders Fund, Sands Capital and Avenir co-leading.
Annualized revenue now tops $2B with positive cash flow, and growth is 25% faster than a year ago. More than 85,000 companies run over $275B in yearly purchase volume through Ramp, up 175%. Other backers include Fidelity, T. Rowe Price, GIC, Coatue, Khosla and General Catalyst.
Ramp is pushing into AI: it now tracks company AI spending across providers and routes model requests to cut inference costs by up to 40%.
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