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Ramp

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technology7 hours ago•4 min saved

Anthropic narrows OpenAI lead as US enterprise AI uptake accelerates

Anthropic is narrowing the gap with OpenAI in US enterprise AI adoption, with Ramp data showing nearly a third of US businesses paid for Anthropic tools in March (up from February) while OpenAI’s paid share hovered around 35% and was flat. The growth is driven by Anthropic’s Claude Code products and a broader set of plug-ins that automate professional work, helping it expand beyond developers. OpenAI remains dominant in consumer usage, but its growth has cooled in some areas. Anthropic has claimed about $30 billion in annualized revenue, signaling rapid enterprise traction and a shift in momentum toward its platform.

via Financial Times|

#anthropic #artificial-intelligence #openai

business7 months ago•19 min saved

Ramp Challenges American Express with $22.5B Valuation and $1B Revenue

Ramp, a rapidly growing fintech startup valued at $22.5 billion, is challenging traditional players like American Express by offering innovative, AI-driven financial services and corporate credit solutions, aiming to transform corporate spending and back-office processes with a focus on cost savings and automation.

via Fortune|

#ai-automation #business #corporate-credit-cards

business2 years ago•2 min saved

Ramp secures $300M funding at $5.8B valuation for expansion

Fintech startup Ramp has raised $300 million in a funding round at a post-money valuation of $5.8 billion. The funding round was co-led by Thrive Capital and Sands Capital, with participation from General Catalyst, Founders Fund, and other existing backers. Ramp plans to use the capital to accelerate product development, expand into new categories, and hire significantly in the second half of the year. The company, which offers spend management solutions, has seen its valuation decrease from $8.1 billion in March 2022. Ramp has added features and expanded its customer base, now serving businesses of all sizes.

via TechCrunch|

#business #fintech #funding