Ramp, a financial operations platform that can be accessed through the link provided, has recently disclosed its acquisition of USD 500 million in a Series E-2 funding round. As a result, its valuation has reached USD 22.5 billion.

The Investor Landscape

This round was led by ICONIQ and included the participation of several other notable venture capital firms such as Founders Fund, D1 Capital Partners, GIC, Coatue, Avenir Growth, Thrive Capital, Khosla Ventures, Sands Capital, 8VC, Lux Capital, Altimeter, Definition Capital, 137 Ventures, General Catalyst, and Stripes. In addition to its existing investor base, Ramp also welcomed new investors like Sutter Hill Ventures, Lightspeed Ventures, T. Rowe Price Associates, Inc., GV (Google Ventures), Emerson Collective, Operator Collective, and Pinegrove Capital Partners.

Strategic Use of Funds

Ramp’s most recent Series E funding round in June 2025 marked its previous milestone, where it managed to secure USD 200 million. This latest influx of funds will help the company drive further advancements and enhance AI capabilities within financial services. With these new resources, Ramp is poised to expand its presence in AI-related areas more effectively.

Recent developments include the launch of AI agents designed for autonomous finance operations, including real-world policy enforcement, fraud detection, and policy improvement. These were initially made available to Ramp Plus users. Over time, additional agents such as procurement, intake, vendor-onboarding, reconciliation, budgeting, and reporting will be introduced.

Addressing AI-Generated Fraud Risks

In response to advancements in AI image generation technology that posed potential risks for financial fraud, Ramp has developed a tool capable of detecting AI-generated receipts. This solution aims to simplify the process of identifying fraudulent documents and maintain robust security measures.