Ramp - a technology company specializing in enterprise spending management, is said to be negotiating to raise an additional $750 million with a pre-investment valuation of over $40 billion.
According to information from The Wall Street Journal, the terms of the deal have not yet been finalized and may continue to change.
If successful, this will be Ramp's next strong increase after only about half a year since the company reached a valuation of 32 billion USD in November last year.
At that time, Ramp raised 300 million USD in a funding round led by Lightspeed Venture Partners.
Previously, the company also continuously carried out many other funding rounds in 2025. In July of the same year, Ramp raised 500 million USD with a valuation of 22.5 billion USD led by ICONIQ Capital, just a few weeks after another funding round worth 200 million USD led by Founders Fund.
Besides the rate of price increase, Ramp also recorded strong revenue growth.
CEO Eric Glyman said that the company achieved annual revenue of about 1 billion USD by the end of last year, doubling in just one year.
Ramp is currently focusing on developing corporate financial management tools integrated with artificial intelligence.
According to the company, AI can help automatically detect fraud, block unusual transactions and optimally support cash flow for businesses.
