PANews reported on June 4th that Ramp, an enterprise spending management platform, announced the completion of a new $750 million funding round, valuing the company at $44 billion post-money. The round was led by ICONIQ, GIC, and the Ontario Teachers' Pension Plan, with participation from Goldman Sachs, DE Shaw, and Morgan Stanley. Ramp stated that its March 2026 TPV is projected to grow by approximately 170% year-over-year, and the funds will be used to expand its AI-related products, including AI token spend management, the Stack accounting AI operating system, and automated procurement and accounting services. The company currently boasts over $1 billion in annualized revenue and approximately $200 billion in annualized transaction volume, serving over 70,000 clients and maintaining positive free cash flow.