Deepseek tops Ramp's fastest growing software vendors

Deepseek led Ramp's fastest-growing software vendors in June 2026, tracking breakout growth relative to size. Ramp chief economist Ara Kharazian says US companies are paying Deepseek directly and sending data through its platform. Kharazian warns about security and competitive risks of using Chinese models directly and doubts the trend will last. Deepseek launched Deepseek V4 at the end of April and costs a fraction of Western models.