PANews, June 4: According to PR Newswire, the corporate spending management platform Ramp announced the completion of a new funding round of $7.5 billion, bringing its post-money valuation to $44 billion. The round was led by ICONIQ, GIC, and Ontario Teachers’ Pension Plan, with participation from Goldman Sachs, D.E. Shaw, Morgan Stanley, and others. Ramp reported that its TPV as of March 2026 increased by approximately 170% year-over-year and plans to use the funds to expand its AI-related products, including AI token spend management, the Stack accounting AI operating system, and automated procurement and accounting agents.
Ramp Raises $750M in New Funding, Valuation Reaches $44B as It Enhances AI-Powered Spend Management
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Summary
Ramp, an enterprise spend management platform, has raised $750 million in new funding, pushing its valuation to $44 billion. The round was led by ICONIQ, GIC, and the Ontario Teachers’ Pension Plan, with Goldman Sachs, D.E. Shaw, and Morgan Stanley also participating. Ramp reported 170% year-over-year growth in TPV as of March 2026. The funds will be used to expand AI-related products, including AI-powered token spend management and the Stack accounting AI operating system. New token listings and AI + crypto developments continue to attract significant institutional investment.
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