Ramp Investors Add Funding as Company Expands, Plans AI Agents

Spend-management platform Ramp gave existing investors an opportunity to double down on the six-year-old upstart with a recently closed $200 million funding round that boosted the company’s valuation to $16 billion.

This deal marks the fifth time that Founders Fund has led a Ramp raise. Ramp is self sustaining, investing in continued growth and has retained just under $1 billion of the $1.2 billion in total equity raised, excluding the most recent round, said Eric Glyman, chief executive officer and co-founder of Ramp. Bloomberg News reported on the raise last week.

“The big thing was that the company is growing ...