Ramp continues its momentum by powering the financial workflows of over 40,000 companies, including CBRE, Shopify, Anduril, Notion, Vercel, and the University of Tennessee Athletics Foundation. With over $80 billion in annualized purchase volume and more than $10 billion saved for customers, Ramp is transforming how modern finance teams operate.
In July 2025, Ramp unveiled its first autonomous AI agents, now used by clients like Notion, Webflow, and Quora. These AI tools detect policy violations with 15x more accuracy while handling thousands of transactions with near-perfect precision. Ramp Treasury, launched just six months ago, has already surpassed $1 billion in assets under management.
This latest capital injection brings Ramp’s total equity financing to $1.9 billion, further strengthening its ability to scale innovation in finance. The platform’s suite includes corporate cards, expense management, bill pay, procurement, travel booking, and treasury tools, with most clients leveraging two or more products.
“We’re focused on ensuring our only constraint is the scale of our ambition,” said Will Petrie, CFO of Ramp. “With a fortress balance sheet and an accelerating core business, we’re built to win as AI reshapes finance.”
A Letter from CEO Eric Glyman: “We Raised $500M to Build the Future of Finance”
Let’s rewind to the year 2000—finance teams were buried in spreadsheets. Fast forward to 2025, and many still are. But change is accelerating—and Ramp is leading that transformation.
Three weeks ago, we deployed our first autonomous AI agents. Today, they’re assisting teams at companies like Notion and Webflow, reviewing transactions, flagging fraud, and coding entries—autonomously. Finance software is no longer just a tool. It’s becoming your sharpest controller, your most efficient analyst.
So why raise another $500 million just 45 days after our last round?
Because we’re at the start of a revolution. One where AI takes over the busywork so humans can focus on what matters most—strategy and growth. Our engineers and designers are building the next era of finance infrastructure. Here’s our vision:
2025: The Shift from Manual to Intelligent Automation
Finance teams fall into two categories:
- Manual teams, stuck in the day-to-day grind.
- Forward-thinking teams, testing AI tools to eliminate repetitive work.
Once businesses experience the impact of AI—like an agent auto-rebooking a hotel when prices drop—they never look back.
2026: AI Agents Eliminate Busywork
Imagine Jess from sales submits a $5 coffee receipt. That single transaction creates 14 minutes of manual work across three team members.
With Ramp’s AI, that entire flow is automated. Customers in the beta program are seeing:
- 85% fewer manual reviews
- 15x more policy violations detected
- Thousands of transactions processed effortlessly
This is just the beginning.
2027: Finance Teams Operate in Parallel, Not Series
Traditionally, finance workflows operate in a series—legal, procurement, finance—all working sequentially.
Ramp envisions a future where AI agents work in parallel, reviewing contracts, approvals, and payments simultaneously. No more month-end rushes. Decisions happen faster. Bottlenecks disappear.
Right now, Ramp users are 3x more productive per minute than two years ago. By 2027, that could be 30x.
2028: Autonomous AI, Supervised by Humans
Autonomous Finance means software that acts on its own—with human oversight. Agents move idle cash, optimize treasury decisions, and handle forecasts—without waiting for human input.
Finance teams are no longer data clerks—they’re strategists. Junior analysts evolve into agent coaches. Senior leaders focus on impactful decisions.
The Road Ahead
Just 45 days ago, we raised $200 million to build AI for receipt management.
Today, that AI is doing much more—handling expenses, paying invoices, booking travel, and even closing the books.
Now, with an additional $500 million, we’re picking up speed. We serve just 1.5% of U.S. businesses. That leaves 98.5% to go—and we’re ready.
Thank you for trusting Ramp. We’re excited to continue building the future of finance—together.
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