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Ramp says it has hit $1B in annualized revenue

From TechCrunch

By Julie Bort

September 9, 2025

Ramp says it has hit $1B in annualized revenue

Ramp says it has hit $1B in annualized revenue

On Tuesday, Ramp answered any lingering questions as to why investors recently valued the expense management startup at $22.5 billion, just 45 days after a previous funding round valued it at $16 billion: The company says it has achieved $1 billion in annualized revenue.

Annualized revenue refers to a company’s current revenue rate projected over a full year. In March, co-founder and CEO Eric Glyman told TechCrunch that Ramp had hit annualized revenue of $700 millio . That’s $300 million of revenue growth in about six months.

Ramp, which provides corporate expense management and financial software tools, raised $500 million in the $22.5 billion-valuation round in July, led by Iconiq with participation from Founders Fund and D1 Capital Partners. Ramp has now raised $1.9 billion in total funding. When Glyman talked with TC earlier this year, he said the company was cash-flow positive, too.

Next up, Ramp is working on AI agent-led “autonomous finance” — automated financial management systems, which Glyman predicts will be the norm by 2028. The company recently launched its first AI agent and has plans to launch more.

View original article on techcrunch.com

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