Today, Ramp raised $1.85B at a $60B valuation.

Seven years ago, Karim and I wrote our mission on a Post-it: “Save companies time and money.”

Our mission hasn't changed. It’s just gotten bigger.

Today we're announcing that Modal has crossed $1B in annualized run rate, as well as raised a $750M Series D at a $15.75B valuation, led by @Accel.

Since our Series C, usage has tripled and we’ve grown more than 15x year-over-year.

We are deeply grateful to the developers and odal. There's still so much more to build, and we can't think of a better time to be building software.

UK finance teams have waited long enough.

Ramp is now live in the UK.

Sorry we’re late.

ramp.com/uk

This one feels special - a lot of folks on this list we've admired for years and now finally get to work with.

Above all I'm grateful for the incredible team that we have. Every day at Cog still feels like getting in a room together and trying to build something great.

Also, grateful that Devin is actually good now. Would have looked really dumb otherwise.

The world needs far more software than it can build. Cognition exists to change that.

We’ve just raised over $2B at a $48B valuation, led by a16z, Accel, Founders Fund, General Catalyst, and Avenir.

Since our round in May, run-rate revenue has grown from $492 M to almost $900 M.

in the end, AI comes down to one number: return on what you spend.

router.com raises it by delivering the right model for every request. our customers are spending 40% less for the same work.

proud of @vral and the @tryramp team, eager to work hard for customers.

Today we're announcing our Series D: $1.37B in new capital at a $7.87B valuation to Reindustrialize America.

Thank you to all our investors. WCM Investment Management, @WashingHarbour, Valor Equity Partners, @137ventures, and @BaillieGifford led the round. @jpmorgan Chase's oup acted as anchor co-lead, investing through the firm's Security and Resiliency Initiative. The round also included major participation by @1789capital, as well as participation from @MorganStanley Wealth Management, @apolloglobal, @TRowePrice, @a16z, @CapitalG, @foundersfund, @lux_capital, @AltimeterCap, @constructcap, and existing investors.

This round confirms our belief in a few simple things: America needs to Reindustrialize, Physical AI is real, transforming the world of atoms matters 100x more than the world of bits, and, most importantly, that the New American Workforce is the center of everything we do.

Here's what we've built, and what comes next.

Welcome to the city! Let me know when you tryna tee it up 🏌🏽⛳️ @KingJames

AI is extremely good at spending your money very quietly.

our own token spend went from a rounding error to more than 10% of payroll in a year. one week in May we burned through $1.5 m. our CFO didn't love telling me that number, and he really didn't love telling the internet.
er we talk to is living the same story. the bill keeps going up and teams can't answer basic questions about it. which team is driving it? which models they're using? what changed this month? whether a cheaper model would do the same job?

so finance gets two bad options: keep paying and hope, or cut broadly and slow down the work that's actually compounding.

we built a third one. Ramp now connects to OpenAI, Anthropic, Gemini, Cursor and pulls it all into one place. see it, understand it, control it - down to a single API key. built with 1,000+ companies managing 100T+ tokens a month, and now spending less than they expected too! try it today at ramp.com/ai-cost-monito…

Taylor Rooks and Saquon Barkley have linked up with the two winners of the scholarship program 🥹❤️

Today @karimatiyeh and I are both taking new titles as Co-CEOs of @tryramp.

If you know us, this won't feel like a change. From when we first started building together twelve years ago, our partnership has run on a couple of motivating principles. On decision-making, we trust each other completely to make critical calls for the company across every function. And on organization design, technology is not a distinct part of the company - it is the entirety of it. That is why Karim has for years directly managed risk, operations, and marketing.

Most importantly, at Ramp there is no line between the people who build and the people who do everything else. Everyone is a builder.

For the last 2,656 days, we have run the company this way. This only makes it formal. We thought it was important to do it now because of how we see the AI exponential reshaping what Ramp can be. Decisions of company strategy are increasingly decisions of technology and systems design. We have always believed every function should be approached as a systems-engineering problem (even when the system was primarily human) but the rise of machine intelligence makes this existential. Every part of the company must be positioned to leverage the continued explosion in model intelligence and capabilities. If we do this well, each step-change in what models can do compounds automatically into better products and faster execution without anyone having to rebuild the company to capture it. If we fail to operate this way we will ultimately be outcompeted by a new company that does.

We are also making Rahul Sengottuvelu our CTO. @rahulgs has led Applied AI at Ramp since joining us three years ago through the acquisition of his prior company, Cohere. Before that, his first company was building customer-service agents on GPT-3 at a time when almost no one knew what a large language model was, and he has spent every year since pushing the frontier of what existing models can do. He has also been right on nearly every major technical direction in AI well before it was obvious. Building Ramp now means applying AI to every part of it, and Rahul is the person stepping up to lead that work.

We are still very early in the history of Ramp. Our current chapter is perhaps the most dynamic, but we have never been more optimistic on where it is going and the mission has never been more important. The businesses that trust us are navigating the same shift we are, and we intend to be there for all of it: managing their token spend, supercharging their finance teams, and helping them get more out of every dollar and hour.

- Eric & Karim

Love coming home to @Nike & @usnikefootball HQ in Beaverton. Never know who you will see.
#TheOpening - Good luck to the players this week - make the most of your reps!

@JerryRice @JayD__5 @KingHenry_2 @saquon @Realrclark25

Congratulations to our guy @saquon on being selected to the 2026 @TIME 100 Most Influential People in Sports!

Today, Ramp raised $750M at a $44B valuation.

Last time we grew this fast, we were 1/20th the size.

For 2000 years, business was built on two pillars. Today, a third: intelligence.

It’s your least governed cost. It’s also your single greatest opportunity.

Thank you for everything, A.J. 💚

Grateful for our customers, investors, partners, and most of all for our incredible team. Hard to believe it's only been two years.

Still a long way to go to build the future of software engineering - we are hard at work every day on making Devin even better! If you haven’t tried it in a bit, check it out and let us know what you think: devin.ai

1/ We’ve raised over $1B at a $26B valuation, led by @Lux_Capital, @generalcatalyst, and @8vc.

Our enterprise usage has grown >10x since the start of this year, and our run-rate revenue grew to $492 M.

We launched Devin two years ago as the first AI software engineer. Since thene from niche to mainstream, and today they are the fastest growing way to create software.

Spinning in slo-mo 🎥

Today we're announcing our Series C funding: $355M at a $4.65B valuation, led by some great investors @generalcatalyst and @Redpoint.

We've had insane growth in the last year, but we're still very early. So proud of the team and what we have built so far!