Enterprise AI payment platform Ramp has raised $750 million at a $44 billion valuation, led by ICONIQ and others.
TechFlame
2026-06-04 12:32
TechFlame2026-06-04 12:32
English
**TechFlame News** – According to PR Newswire, enterprise AI-powered payment and financial management platform Ramp has announced a new $750 million funding round, 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 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, launching an AI token expenditure management tool to help businesses monitor and control costs related to large language models and other AI services. Over the past few months, Ramp has completed two acquisitions—Billhop, a payment platform based in the UK and Europe, and Juno, a business travel platform. It has also deepened its long-term partnership with Visa, enabling AI agents to autonomously execute enterprise payments within a real-time risk control framework.
Ramp revealed that its internal AI tools have achieved a 99.5% employee adoption rate, and its internal development platform, Inspect, now generates more than two-thirds of the company’s code. The company plans to use this latest funding to further expand its product offerings and accelerate its expansion into the UK and European markets.