TL;DR: Ramp has expanded from cards & expense management into a multi-line finance platform and is now going after token spend management, betting that AI inference becomes the fastest-growing cost on the corporate P&L and that governing it becomes a permanent CFO function. Sacra estimates Ramp hit $1.5B in annualized revenue in May 2026, up from $1.2B at the end of 2025 (+89% YoY), valued at $44B for a 29x multiple. For more, check out our full report and dataset on Ramp...