{
  "license": {
    "name": "CC BY 4.0",
    "url": "https://creativecommons.org/licenses/by/4.0/"
  },
  "cite_as": "Newsprint, \"Ramp Procurement: what it sells, price and AI features\", https://www.newsprint.com/companies/ramp-procurement/, updated 2026-11-11",
  "updated_at": "2026-11-11",
  "url": "https://www.newsprint.com/companies/ramp-procurement/",
  "markdown_url": "https://www.newsprint.com/companies/ramp-procurement.md",
  "title": "Ramp Procurement: what it sells, price and AI features",
  "opening_answer": "Ramp Procurement is on the AI procurement software map. We record 3 dated launches and events for it. The latest is dated June 4, 2026.",
  "period": "Nov. 17, 2025 to June 4, 2026",
  "methodology_url": "https://www.newsprint.com/updates/pr-software/#methodology",
  "company": {
    "id": "CX6ZF17",
    "slug": "ramp-procurement",
    "name": "Ramp Procurement",
    "aliases": [],
    "site": "https://ramp.com/procurement",
    "summary": "\"Buy at the speed of AI.\" Ramp Procurement is Ramp's purchase-request and approval product, sold with a Procurement add-on. Employees describe a purchase in plain language and AI agents research vendors, draft and score RFx documents, review contracts and compliance, track renewals and pre-fill requests. Approvers still make the decisions.",
    "founded": null,
    "categories": [
      "intake"
    ],
    "status": "active",
    "price_note": null,
    "update_channels": [],
    "updated_at": "2026-11-11",
    "off_map": null,
    "merged_into": null,
    "category_names": [
      "Intake and orchestration"
    ]
  },
  "confirmed_product_launches": 0,
  "dated_product_launches": 0,
  "undated_launches": 0,
  "launches_data_url": "https://www.newsprint.com/data/launches.json",
  "count": 0,
  "launches": [],
  "launch_list": false,
  "indexed": true,
  "summary": {
    "text": "\"Buy at the speed of AI.\" Ramp Procurement is Ramp's purchase-request and approval product, sold with a Procurement add-on. Employees describe a purchase in plain language and AI agents research vendors, draft and score RFx documents, review contracts and compliance, track renewals and pre-fill requests. Approvers still make the decisions.",
    "source": {
      "name": "ramp.com",
      "url": "https://ramp.com/procurement"
    },
    "from": "record"
  },
  "maps": [
    {
      "map": "procurement-software",
      "title": "The AI procurement software map",
      "url": "https://www.newsprint.com/research/procurement-software/#co-ramp-procurement",
      "section": "companies",
      "name": "Ramp Procurement",
      "site": "https://ramp.com/procurement",
      "category": "Intake and orchestration",
      "what": "\"Buy at the speed of AI.\" Ramp Procurement is Ramp's purchase-request and approval product, sold with a Procurement add-on. Employees describe a purchase in plain language and AI agents research vendors, draft and score RFx documents, review contracts and compliance, track renewals and pre-fill requests. Approvers still make the decisions.",
      "what_source": {
        "name": "ramp.com",
        "url": "https://ramp.com/procurement"
      },
      "price": "AI Intake is free for all Ramp customers; workflow orchestration, AI agents, PO management, renewals and reporting need the paid Ramp Plus add-on. No dollar figures published.",
      "price_published": false,
      "capabilities": {
        "label": "AI capabilities",
        "items": [
          "Named agent",
          "Contract review",
          "Assistant",
          "Guided buying",
          "AI intake",
          "Price benchmarks",
          "RFx and bid analysis",
          "Supplier data"
        ]
      },
      "scale_tier": 3,
      "scale": "Funded challenger: institutional funding disclosed (Ramp raised $750M at a $44B valuation (Jun 2026). Procurement is one product of a larger spend management company.)",
      "founded": null,
      "founded_source": null,
      "fate": null,
      "sources": [
        {
          "name": "ramp.com",
          "url": "https://ramp.com/procurement"
        },
        {
          "name": "ramp.com",
          "url": "https://ramp.com/blog/procurement-ai-agents"
        },
        {
          "name": "support.ramp.com",
          "url": "https://support.ramp.com/agentic-intake-programs"
        },
        {
          "name": "siliconangle.com",
          "url": "https://siliconangle.com/2026/06/04/financial-technology-provider-ramp-raises-750m-funding-44b-valuation/"
        },
        {
          "name": "pymnts.com",
          "url": "https://www.pymnts.com/?p=3237219"
        }
      ],
      "more_sources": 0,
      "cross_listed": false
    }
  ],
  "off_map_url": null,
  "timeline": [
    {
      "id": "event-1",
      "url": "https://www.newsprint.com/companies/ramp-procurement/#event-1",
      "on": "2026-06-04",
      "date_precision": "day",
      "title": "Ramp raises $750M at a $44B valuation",
      "summary": "Ramp raised a $750M Series F led by ICONIQ, GIC and Ontario Teachers' Pension Plan at a $44B valuation, up from $32B seven months earlier. Company-wide event; the report notes Ramp released a procurement AI agent in April.",
      "kind": "Funding round",
      "from": {
        "name": "The AI procurement software map",
        "url": "https://www.newsprint.com/research/procurement-software/#co-ramp-procurement"
      },
      "source": {
        "name": "SiliconANGLE",
        "url": "https://siliconangle.com/2026/06/04/financial-technology-provider-ramp-raises-750m-funding-44b-valuation/"
      }
    },
    {
      "id": "event-2",
      "url": "https://www.newsprint.com/companies/ramp-procurement/#event-2",
      "on": "2026-04-29",
      "date_precision": "day",
      "title": "Ramp launches AI agents in Ramp Procurement",
      "summary": "Ramp introduced a suite of AI agents in Ramp Procurement: sourcing (vendor research, RFx drafting and scoring), intake (follow-up questions, pre-filled forms, policy and duplicate flags), workflow automation, compliance reviews, renewals with pricing benchmarks, and plain-English reporting.",
      "kind": "Launch",
      "from": {
        "name": "The AI procurement software map",
        "url": "https://www.newsprint.com/research/procurement-software/#co-ramp-procurement"
      },
      "source": {
        "name": "Vendor blog",
        "url": "https://ramp.com/blog/procurement-ai-agents"
      }
    },
    {
      "id": "event-3",
      "url": "https://www.newsprint.com/companies/ramp-procurement/#event-3",
      "on": "2025-11-17",
      "date_precision": "day",
      "title": "Ramp raises $300M at a $32B valuation",
      "summary": "Ramp announced a $300M primary round plus an employee tender offer at a $32B valuation. Company-wide event; Procurement is one of its products.",
      "kind": "Funding round",
      "from": {
        "name": "The AI procurement software map",
        "url": "https://www.newsprint.com/research/procurement-software/#co-ramp-procurement"
      },
      "source": {
        "name": "PYMNTS",
        "url": "https://www.pymnts.com/?p=3237219"
      }
    }
  ]
}