Ramp hits $44 billion valuation as companies look to rein in AI spending
Gadget-uri
Corporate America is trying to figure out how to rein in rising artificial intelligence spending. That's helping payment software giant Ramp . The spend-management company announced a $750 million funding round at a $44 billion valuation on Thursday. The round was led by ICONIQ , GIC and Ontario Teachers' Pension Plan , and marks a roughly 38% step up in Ramp's valuation. The New York-based company crossed $1 billion in annualized revenue, with positive free cash flow, according to CEO Eric
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