In March 2025, Ramp was valued at $13 billion. By June 2026, it was $44 billion. Now it's $60 billion. That's more than four times its value in about 18 months, for a company most people outside finance teams have never heard of.
Ramp makes corporate cards and software that help companies track and control spending. Founded in 2019 by Eric Glyman and Karim Atiyeh, the New York startup just raised $1.85 billion in a round led by Dragoneer, with Thrive Capital, Founders Fund, Sands Capital and Avenir Growth co-leading.
The number that matters more than $60B
Ramp says its annualised revenue now tops $2 billion and that it's cash-flow positive. That's the rare part: plenty of startups grow fast, but few grow this fast while bringing in more cash than they spend. Its big customers are growing too: companies paying Ramp over $100,000 a year rose 113% in a year.
Where the money goes
Ramp says it will use the new funding to expand its AI capabilities. In August, it launched Router.com, a tool that sends each AI task to the cheapest model that can handle it, cutting companies' AI bills. It's also reportedly considering training its own models.
The rival comparison
Ramp's closest startup rival, Brex, sold to Capital One earlier this year for about $5 billion. Ramp is now valued at more than ten times that, and it's still independent.
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Source: Ramp press release