# Ramp raises $1.85 billion at $60 billion valuation

_Published Thursday, October 15, 2026 at 11:48 AM EDT · Capital, Products · Latest · Tier 1 — Major_

![Ramp raises $1.85 billion at $60 billion valuation — Primary](https://techcrunch.com/wp-content/uploads/2026/10/eric-glyman.jpg?resize=1200,801)

Ramp said it raised $1.85 billion at a $60 billion valuation, four months after raising $750 million at a $44 billion valuation. Dragoneer Investment Group, Thrive Capital, Founders Fund, Sands Capital and Avenir Growth co-led the financing.

The expense management company says annualized revenue has crossed $2 billion and its customer count has reached 85,000, up from 70,000 in June. Ramp has expanded into payments, procurement, accounting and services for monitoring and managing AI model spending. Its broader product lineup puts it in direct competition with Rippling for finance-team budgets.

## Sources

- [TechCrunch](https://techcrunch.com/2026/10/15/ramp-reaches-60b-valuation-as-it-pushes-deeper-into-ai/)

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Canonical: https://techandbusiness.org/newswire/k3ZfD_8jxM6R4s4znkhZGo
Published: 2026-10-15T15:48:37.340Z
Story chronology: 2026-10-15T14:47:09.000Z
Retrieved: 2026-10-15T18:00:53.720Z
Publisher: Tech & Business (techandbusiness.org)