Buyer
Ramp provides an AI-powered procurement platform that automates the entire corporate purchasing process, from vendor discovery and intake to approvals, purchase orders, and invoice matching. The platform embeds AI agents that handle vendor research, contract reviews, and compliance checks, enabling finance teams to control spending while employees buy faster. Ramp reports an average of 16% annual savings on vendor spend and 46 hours saved per month per user.
- Enterprise Software
- AI Agents
- Financial Technology
- Artificial Intelligence
- Software Only
Funding
Raised to date
$4.1BRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
across 6 rounds
+27$1.9B · Series G+
Announced Oct 2026 · from article date
Disclosed cumulative: $4.1B
Founders
Founder details are not available yet.
Product
Problem
Businesses often struggle with fragmented expense tracking, manual bill payments, and inefficient vendor management, leading to delayed cash flow visibility and higher operational costs. Procurement processes are especially burdensome, requiring manual form-filling, multi-step approval routing, and time-consuming vendor research that slows down purchasing and strains finance teams.
Solution
Ramp provides a unified corporate spend management platform that automates expense capture, bill payment processing, and vendor onboarding. The platform's AI agents handle purchasing from source to payment, allowing employees to request what they need in plain language while finance maintains control over every dollar. AI Intake pre-fills request forms from natural language descriptions or uploaded quotes and contracts, while Procurement Agents automatically research vendors, review contract terms, and check compliance and security posture before routing approvals. Ramp generates purchase orders, issues virtual cards, and automatically performs 2-way and 3-way matching of invoices against POs and receipts to catch overbilling and discrepancies. Real-time dashboards give finance teams insight into cash flow, budget adherence, and approval bottlenecks, with plain-language querying of purchasing data for instant answers.
Target Audience
Primary customers are finance and procurement teams at mid-size to large enterprises seeking to centralize and automate their spend management and purchasing processes.
Features
- AI Intake that converts natural language requests or uploaded quotes/contracts into pre-filled purchase requests with automatic approval routing
- Procurement Agents embedded in approval workflows that research vendors, review contracts, and assess compliance and security posture with recommendations
- Automated 2-way and 3-way invoice matching against purchase orders and item receipts, flagging discrepancies and overbilling
- Purchase order generation with direct virtual card issuance from a PO for streamlined payment
- Contract renewal tracking with pricing benchmarks and AI recommendations to extend, renegotiate, or cancel
- Plain-language reporting queries for cycle times, PO status, and budget impact
- Native integrations with QuickBooks Online and NetSuite for PO and receipt synchronization