On Tuesday, RAMP answered any lingering questions about investors’ recent reevaluation of expense management startups at $22.5 billion, 45 days after the previous funding round of $16 billion: The company says It has earned $1 billion in annual revenue.
Annual income refers to the company’s current income interest rate over a full year. In March, co-founder and CEO Eric Glyman told TechCrunch that RAMP has reached annual revenue $700 million. Revenue rose by $300 million in about six months.
RAMP, which provides company expense management and financial software tools, raised $500 million in July’s $22.5 billion assessment, lead ICONIQ grows with the participation of the Founders Foundation and D1 Capital Partners. The ramp has now raised $1.9 billion in total. When Glyman spoke with TC earlier this year, he said the company was cash-flowing, too.
Next, RAMP is working on the “automatic finance” (automatic financial management system) led by AI agents. Glyman forecasts will be the norm in 2028. The company recently launched Its first AI agent And plan to launch more.
