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% ...

Ramp secures $750 million at a $44 billion valuation, targeting AI token spending as the next major corporate expense category to manage.

The most AI-obsessed firms are spending roughly $7,500 monthly per employee on AI, per Ramp AI Index. That's not more than an engineer's salary — yet.

Startup investors were in a spendy mood this week, backing more than a dozen rounds in the multiple hundreds of millions. Of those, the biggest one went to spend-management platform Ramp, which closed ...