On Tuesday, the ramp replied to any kind of questions as to why investors recently paid an expense management startup of $ 22.5 billion, exactly 45 days after the previous funding round it was given a price of $ 16 billion: The company says It has acquired $ 1 billion in annual revenue.
The annual revenue refers to the current revenue rate of the approximate company throughout the year. In March, co-founder and CEO Eric Glyman told Techchchan that the ramp hit the annual revenue $ 700 millionThis is $ 300 million revenue growth in about six months.
The ramp, which offers corporate expenditure management and financial software tools, raised $ 22.5 billion-assessment in July in July, raised $ 500 million, Under the leadership of Iconiq development with participation from Founders Fund and D1 Capital Partners. The ramp has now raised $ 1.9 billion in total funding. When Glimaon spoke with TC earlier this year, he said that the company was cash-flow positive.
Subsequently, the “Autonomous Finance”-led financial management systems led by the ramp AI agent-which will be the ideal by 2028, that the glyman’s prediction will be ideal. The company recently launched. Its first AI agent There is a plan to launch more.
