Ramp Raises $1.85 Billion at $60 Billion Valuation

Fintech startup Ramp raised $1.85 billion in fresh funding, reaching a $60 billion valuation on Thursday. Dragoneer Investment Group led the round with Thrive Capital and others as co-leads. The company now serves over 85,000 businesses generating $275 billion in annualized purchase volume. Ramp integrates AI tools to automate expense reviews and monitor AI spending costs for corporate clients.