# Ramp Procurement: what it sells, price and AI features

URL: https://www.newsprint.com/companies/ramp-procurement/
Covers: Nov. 17, 2025 to June 4, 2026
Updated: 2026-11-11
License: CC BY 4.0, 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

> 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.

"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: [ramp.com](https://ramp.com/procurement).

## Facts

- Site: [ramp.com](https://ramp.com/procurement)
- Category: Intake and orchestration
- Status: Active

## On the research maps

### [The AI procurement software map](https://www.newsprint.com/research/procurement-software/#co-ramp-procurement)

"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: [ramp.com](https://ramp.com/procurement).

- Category: Intake and orchestration
- 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.
- AI capabilities: Named agent, Contract review, Assistant, Guided buying, AI intake, Price benchmarks, RFx and bid analysis and Supplier data
- 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.)

Sources: [ramp.com](https://ramp.com/procurement), [ramp.com](https://ramp.com/blog/procurement-ai-agents), [support.ramp.com](https://support.ramp.com/agentic-intake-programs), [siliconangle.com](https://siliconangle.com/2026/06/04/financial-technology-provider-ramp-raises-750m-funding-44b-valuation/) and [pymnts.com](https://www.pymnts.com/?p=3237219).

## Launches and dated events, newest first

### Ramp raises $750M at a $44B valuation

Funding round, June 4, 2026. 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.

Source: [SiliconANGLE](https://siliconangle.com/2026/06/04/financial-technology-provider-ramp-raises-750m-funding-44b-valuation/). From [the AI procurement software map](https://www.newsprint.com/research/procurement-software/#co-ramp-procurement).

### Ramp launches AI agents in Ramp Procurement

Launch, April 29, 2026. 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.

Source: [Vendor blog](https://ramp.com/blog/procurement-ai-agents). From [the AI procurement software map](https://www.newsprint.com/research/procurement-software/#co-ramp-procurement).

### Ramp raises $300M at a $32B valuation

Funding round, Nov. 17, 2025. Ramp announced a $300M primary round plus an employee tender offer at a $32B valuation. Company-wide event; Procurement is one of its products.

Source: [PYMNTS](https://www.pymnts.com/?p=3237219). From [the AI procurement software map](https://www.newsprint.com/research/procurement-software/#co-ramp-procurement).

## Methodology and corrections

How we track launches, and how to report an error: https://www.newsprint.com/updates/pr-software/#methodology