Ramp has announced a $200 million Series E financing round that brings the company’s valuation to $16 billion, marking the fifth consecutive investment led by Founders Fund, the financial operations platform’s first and largest investor. The funding comes as Ramp serves more than 40,000 companies and powers over $80 billion in annualized purchase volume across its comprehensive suite of financial tools.
The platform combines corporate cards, expense management, bill payments, procurement, travel booking, and treasury services with built-in artificial intelligence designed to maximize efficiency. To date, Ramp has saved customers $10 billion and 27.5 million hours, with half of its customer base utilizing two or more products across the integrated platform.
“People ask how we’re using AI in finance and I have a simple answer for them. We use Ramp,” says Rama Katkar, CFO of Notion. This sentiment is echoed by Michael Truell, CEO of Cursor, who notes: “Most finance tools feel like they were built by people who’ve never worked at a high-velocity startup. Ramp’s engineering team is elite and ships fast. They actually understand what velocity means.”
CEO Eric Glyman articulates the company’s mission simply: “Save your company time and money (without you noticing).” The platform’s AI capabilities work quietly in the background, automatically filling expense memos and categories, flagging policy violations, benchmarking SaaS quotes against market data, and optimizing cash management through predictive forecasting and automated yield-seeking investments.
The results speak to the platform’s effectiveness across diverse industries. Construction One reduced their accounts payable team’s time spent on monthly close by 75%, saving 360 hours annually. Poshmark achieved free cash flow goals five months ahead of schedule by redirecting team energy from administrative tasks to strategic projects. An unnamed industrial company processed $47 million through Ramp cards while preventing $4 million in out-of-policy spending through built-in controls.
Ramp has shipped 270 features in 2025 alone, with customers achieving three times more productivity per minute spent on the platform compared to two years ago. The company’s engineering-heavy approach dedicates over 50% of payroll to research and development, employing 13 IOI and IMO medalists—world champion programmers and mathematicians—to drive continuous innovation.
Despite this impressive growth, Glyman emphasizes that Ramp currently serves just 1.5% of the U.S. market, representing significant expansion opportunities ahead. With total equity financing now reaching $1.4 billion, the company remains focused on its core mission of delivering automated financial operations that enable businesses to focus on strategic growth rather than administrative burden.