Ramp is in talks to raise about $750 million at a pre-money valuation above $40 billion, following a series of rapid valuation increases. The startup previously reached a $32 billion post-money valuation in November 2025 during a $300 million funding round led by Lightspeed, and had also raised a $500 million Series E-2 at a $22.5 billion valuation led by Iconiq, along with a $200 million Series E at a $16 billion valuation led by Founders Fund.

Summary of transaction details:

• Deal Type: Investment
• Transaction Amount: $750,000,000
• Pre-Money Valuation: $40,000,000,000
• Founders: Eric Glyman, Karim Atiyeh, Gene Lee
• Headquarters: New York City
• Notable Investors: Lightspeed, Iconiq, Founders Fund

Ramp has demonstrated significant growth, achieving $1 billion in annual revenue, as stated by CEO Eric Glyman. The company focuses on an AI-heavy product offering that includes fraud detection, policy enforcement, and cash management, which has further fueled investor interest and demand in the business.