Ramp raises $200m at $16bn valuation to accelerate AI-led global expansion

By Vriti Gothi

Ramp, a New York-based spend management platform, has raised $200 million in its Series E funding round led by Founders Fund, boosting its valuation to $16 billion.

The funding aims to support Ramp’s continued investment in AI-driven product development and global expansion, as the company looks to redefine how businesses manage and optimise their financial operations.

The funding builds on Ramp’s recent valuation trajectory, which saw the company grow from a $5.8 billion valuation in 2023 to $13 billion in March 2025 following a secondary share sale. The Series E round reflects sustained investor interest in the company’s business model, platform capabilities, and ongoing product development efforts.

In addition to Founders Fund, Ramp’s investor base includes global venture capital’s such as General Catalyst, Lux Capital, Khosla Ventures, Stripes, Greylock, Sequoia Capital, and 8VC.

Since its founding in 2019 by CEO Eric Glyman, CTO Karim Atiyeh, and Chief Design Officer Gene Lee, Ramp has helped businesses manage their spend. The platform offers an end-to-end financial operations suite that automates and streamlines critical workflows, including accounting, reporting, analytics, procurement, accounts payable, treasury, expense management, and corporate cards.

Ramp’s infrastructure integrates seamlessly with leading business tools, enabling over 30,000 organisations from startups to enterprises to gain real-time visibility, control, and efficiency across all areas of spend.

With fresh funding and a reinforced valuation, Ramp plans to further invest in product development, artificial intelligence, and global expansion. Upcoming enhancements will continue to focus on deepening automation, enhancing user experience, and delivering tools that empower finance teams to drive better outcomes.

Ramp remains committed to shaping the future of finance by aligning cutting-edge technology with the needs of modern businesses, delivering not just tools but true transformation.

Eric Glyman, Co-founder and CEO of Ramp, said, “Save your company time and money (without you noticing). Let the robots chase receipts and close your books, so you can use your brain and build things.”