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Corporate Spend Software Ramp Said to Raise $1.85B at $60B Valuation
Corporate expenditure software provider Ramp is reportedly securing approximately $1.85 billion in new funding, which would value the company at around $60 billion before accounting for new investments, Bloomberg has indicated. The firm's offerings have evolved to function more like automated agent platforms, featuring AI agents designed for purchasing and financial reconciliation tasks. These agent systems are equipped with persistent identities, spending limits, vendor restrictions, manager approvals, and detailed audit logs.
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