Ramp hits $44 billion valuation in $750 million raise as it bets that AI token spending is the next corporate expense to tame

Ramp announced a $750 million financing round that values the corporate-spending management platform at $44 billion. The round was led by Iconiq alongside Singapore’s GIC and the Ontario Teachers’ Pension Plan, bringing the company’s total capital raised to $3 billion. Investors are drawn by Ramp’s focus on applying artificial-intelligence technology to corporate expense and token-spending management.

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