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Eric Glyman, co-founder and CEO of expense administration startup Ramp, introduced on Wednesday a contemporary $500 million increase at a whopping $22.5 billion post-money valuation.
This new spherical, led by Iconiq Progress with participation from Founders Fund and D1 Capital Companions, comes simply 45 days after Ramp’s final spherical. In June, Ramp raised $200 million at a $16 billion valuation, and that was a leap over the $13 billion valuation Ramp introduced in March.
In his weblog put up, Glyman laid out his imaginative and prescient for AI agent-led “autonomous finance” that he predicts would be the norm by 2028. To this finish, Ramp simply launched its first agent with plans to launch extra.
Ramp has now raised $1.9 billion complete. The corporate turned cash-flow constructive earlier this 12 months, it informed TechCrunch. In March, Glyman informed us Ramp had hit annualized income of $700 million. It at present claims 40,000 clients.
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