Expense management startup Ramp has secured new funding only weeks after its previous round, with CEO Eric Glyman saying the capital will help the company “pick up the pace” on autonomous finance. The investment was led by Iconiq Growth, alongside Founders Fund and D1 Capital Partners, and comes on the heels of a June round that followed rapid growth since March. While terms were not disclosed in the company’s announcement, Ramp said the fresh capital pushes its valuation higher.
The raise follows the launch of Ramp’s first artificial intelligence agents three weeks earlier, which the company says are already in use by finance teams at Notion, Webflow and Quora. According to Glyman’s blog post, the agents go beyond chasing receipts to handle filing expenses, booking travel, paying invoices and closing books. Ramp positions the technology as round‑the‑clock automation that reviews, approves and codes transactions, flags fraud and updates policies, with the goal of reducing manual workload for finance teams.
Early beta results cited by Ramp indicate substantial efficiency gains: participating teams are performing 85 percent fewer manual reviews, agents are catching 15 times more policy violations, and 10,000 transactions have been reviewed without strain. Glyman said this is the first in a suite of agents planned over the next year. He outlined a simple onboarding model in which businesses provide a PDF of their expense policy, enabling the agent to begin automatically approving low‑risk expenses, answering employee questions by SMS and routing only high‑risk outliers for human review.
Ramp also reported that users today get three times more done per minute compared to two years ago and set an ambition to reach 30 times by 2027 as multiple agents work in parallel. Looking ahead to 2028, the company envisions specialized agents across finance: expense agents clearing more than 99 percent of transactions without human intervention, treasury agents optimizing cash positioning and FP&A agents running real‑time forecasts. The company frames this as a new beginning for finance teams powered by artificial intelligence.
Glyman thanked customers for their trust and said the rapid succession of funding reflects strong investor appetite for Ramp’s platform and trajectory. He emphasized that the job is not finished and pledged to keep returning time and money to users as the company expands its autonomous finance capabilities.
