Ramp, an expense management startup, has raised $300 million in new primary funding plus an employee tender offer, doubling its valuation to $32 billion just six months after its last round. Now serving 50,000+ companies and over $100 billion in annualized purchase volume, Ramp has expanded from a corporate card into a full finance-operations platform spanning procurement, travel, and treasury. Its rapid valuation surge is driven by aggressive AI adoption—its agents made 26 million+ automated decisions in October alone—delivering measurable efficiency gains that help customers cut spend and accelerate growth.
Ramp Hits $32Bn Valuation on Latest Raise
