According to CoinMeta, Ramp announced the completion of a $1.85 billion financing round, raising its valuation to $60 billion. This round of financing was led by Dragoneer, with Thrive Capital, Founders Fund, and others also participating. Just four months ago, Ramp raised $750 million with a valuation of $44 billion; in just four months, its valuation has increased by another $16 billion. Ramp was founded in 2019 and initially provided corporate credit cards and expense reimbursement management services. Today, its business has expanded to include payments, procurement, and financial reconciliation. The company currently serves over 85,000 enterprises, an increase of 15,000 from June of this year. The platform's annualized payment volume exceeds $275 billion, representing a year-on-year growth of 175%, and its annualized revenue exceeds $2 billion, with cash flow now turning positive. Ramp is extending its corporate financial management services to AI expenditures by launching AI Token Spend Management, which helps companies track expenses by employee, model, and API Key.