Ramp hits $44 billion valuation as companies look to rein in AI spending

Ramp announced a $750 million funding round at a $44 billion valuation on Thursday, led by ICONIQ, GIC and Ontario Teachers' Pension Plan. Part of the company's growth is coming from customers trying ...

Ramp targets AI’s fastest-growing cost with expanded token spend tracking

Ramp Business Corporation today expanded its AI Token Spend Management product, giving finance teams a single system to see ...
Inc

Ramp Just Secured a $44 Billion Valuation—Here’s the New ‘Invisible’ Cost Driving Its Growth

Fintech for the win. On Thursday, Ramp announced a $750 million primary financing round led by Iconiq, GIC, and the Ontario Teachers’ Pension Plan, which valued the company at $44 billion. Other major ...
TechCrunch

‘AI-pilled’ firms spend $7,500 per employee each month on AI

An Nvidia executive recently said that the cost of compute is now greater than the salaries of his employees. Last week, Mercor’s CEO said the startup is spending more on tokens for internal agents ...

OpenAI just lost its enterprise AI crown to Anthropic

Anthropic surpassed OpenAI in AI business spending, according to Ramp's AI Index, marking a significant shift in AI adoption ...