Fintech Startup Ramp Hits $60 Billion Valuation After $1.85 Billion Funding Round
The company said annualized revenue topped $2 billion as more than 85,000 customers used its tools to manage $275 billion in purchases.
- On Thursday, New York-based financial technology startup Ramp raised $1.85 billion in a primary financing round led by Dragoneer Investment Group, valuing the company at $60 billion.
- Ramp now generates over $2 billion in annualized revenue and serves more than 85,000 customers managing over $275 billion in purchase volume, up 175% year over year.
- Expanding its AI suite, Ramp recently introduced software to monitor AI spending and optimize costs; AngelList Controller Greg Cooley said, "Ramp's Token Spend Management helped us cut monthly AI spend by 17.5%."
- As Ramp widens its product lineup, it increasingly competes with Rippling for finance-team budgets, while early investor Keith Rabois stated the company aims to "compete with Anthropic" in managing token spend.
- Sands Capital Managing Partner Barron Martin said, "We believe the opportunity is more compelling now than when we first invested," as Ramp has raised approximately $5 billion in total equity financing.
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Startup Funding News Today, October 16, 2026: Ramp, Abby Care, Origin, North.cloud, Mueon & More - Tech Startups
Venture capital continues to pour into fintech, AI infrastructure, semiconductor manufacturing, healthcare, and physical AI over the past 24 hours, with Ramp leading global funding activity after raising $1.85 billion at a $60 billion valuation. The New York fintech company […] The post Startup Funding News Today, October 16, 2026: Ramp, Abby Care, Origin, North.cloud, Mueon & More first appeared on Tech Startups.
Ramp's Eric Glyman on hitting $60B valuation: We offer customers an increasingly valuable product
Eric Glyman, Ramp co-founder and co-CEO, joins 'Squawk Box' to discuss raising $1.85 billion in its latest funding round, the company's $60 billion valuation, company growth outlook, and more.
Fintech startup Ramp hits $60 billion valuation after $1.85 billion funding round
Oct 15 : Financial technology startup Ramp said on Thursday it had raised $1.85 billion in a primary financing round led by Dragoneer Investment Group, valuing the company at $60 billion, as the company expands its artificial intelligence offerings.The funding underscores growing investor interest in financia
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