Ramp Raises $500 Million Series E at $22.5 Billion Valuation to Accelerate AI Agent Development

Description

The Series E round was led by Iconiq, with participation from Founders Fund and D1 Capital Partners. The new capital will be used to expand the team and develop AI agents. Ramp serves over 40,000 companies and generates hundreds of millions of dollars in revenue. Fintech startup Ramp, which specializes in automating corporate finances, announced that it has raised $500 million in a Series E round. During the deal, the company was valued at $22.5 billion. The Iconiq fund, with participation from ...