AI Payment Platform Ramp Completes $750 Million Funding, Valuation Reaches $44 Billion

ChainCatcher reports that Ramp, an enterprise-grade AI payment and financial management platform, has announced the completion of a new funding round of $7.5 billion, bringing its post-money valuation to $44 billion. This round was led by ICONIQ, GIC, and Ontario Teachers’ Pension Plan, with participation from Goldman Sachs Alternatives, D.E. Shaw, Morgan Stanley Investment Management, Generation Investment Management, Insight Partners, and others. Ramp stated that it is expanding into AI cost management by launching an AI token spending management tool to help businesses monitor and control expenditures related to large models and AI services. Over the past several months, Ramp has completed two acquisitions—UK and European payment platform Billhop and business travel platform Juno—and has deepened its long-term partnership with Visa to enable AI agents to autonomously execute corporate payments within a real-time risk management framework. Ramp revealed that its internal AI tools have achieved a 99.5% employee adoption rate, with its in-house development platform, Inspect, already generating over two-thirds of the company’s code. The company plans to use this funding to further expand its product offerings and accelerate its growth in the UK and European markets.