Software companies we track

Ramp Procurement: what it sells, price and AI features

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.

Updated . Launches and events from Nov. 17, 2025 to 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.

Site
ramp.com
Category
Intake and orchestration
Status
Active

On the research maps

  • The AI procurement software map

    "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.

    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, ramp.com, support.ramp.com, siliconangle.com and pymnts.com.

    Ramp Procurement on the AI procurement software map

Launches and dated events, newest first

  1. Ramp raises $750M at a $44B valuation

    Funding round, . 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. From the AI procurement software map.

  2. Ramp launches AI agents in Ramp Procurement

    Launch, . 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. From the AI procurement software map.

  3. Ramp raises $300M at a $32B valuation

    Funding round, . 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. From the AI procurement software map.

Methodology and corrections: what counts as a launch, how each one is checked, and how to report an error.

License: CC BY 4.0. Reuse it with credit to Newsprint.

Cite as: Newsprint, "Ramp Procurement: what it sells, price and AI features", https://www.newsprint.com/companies/ramp-procurement/, updated 2026-11-11

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