Ramp raises $1.85B at $60B valuation, says 85,000 firms save $1B+/month with AI tools
SethGRosenberg · x · 2026-10-15
Fintech company Ramp announced a $1.85B raise at a $60B valuation alongside a suite of AI products.
Key numbers:
- 85,000 businesses on Ramp saving a combined $1B+ per month
- 1.5 million hours saved in September alone (9,000 people's work month)
- $2B+ annualized revenue passed over the summer, with positive cash flow
New products include Stack, Accounts Receivable, AI Spend Management, Glass, and Ramp Router — an LLM gateway that routes each request to the lowest-cost model meeting performance needs, claiming 40% inference cost reduction, with one endpoint, automatic fallbacks, request-level observability, and ZDR options.
Related event: Ramp Raises $1.85B at $60B Valuation as ARR Hits $2B(3 posts)→
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