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Ramp has raised $500 million in a Series E-2 round led by Iconiq.
Ramp raised $500 million in a Series E-2 round, increasing its valuation to $22.5 billion.
KEY POINTS
- Ramp's AI agent, launched in July, now automates employee expense checks for thousands of customers.
- Future AI tools from Ramp will support procurement, bookkeeping, and proactively notify teams about pending approvals.
- Ramp's AI leverages data from Gmail, Google Calendar, and transaction histories to automate complex finance tasks.
- Ramp now serves over 40,000 businesses, up from 15,000 last year, and reports $700 million annualized revenue.
COMPANIES
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