AI Finance App Ramp Is Valued at $22.5 Billion in Funding Round

Ramp, a startup that uses artificial intelligence to automate corporate finance tasks, on Wednesday said it had raised $500 million in its latest funding round.

The Series E-2 round, led by Iconiq Growth with participation from existing investors including Founders Fund and D1 Capital Partners, values the startup at $22.5 billion, it said.

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