The latest funding rounds involving Ramp, Zenzap, North.cloud, Labelbox, and Ultra highlight investor interest in financial automation, AI infrastructure, enterprise software, and warehouse robotics. The companies are raising capital to manage costs, deploy AI agents, and automate business operations.
Ramp Raises USD 1.85 Billion at USD 60 Billion Valuation
Fintech startup Ramp raised USD 1.85 billion in a funding round led by Dragoneer Investment Group, valuing the firm at USD 60 billion. Other co-heads involved were Thrive Capital, Founders Fund, Sands Capital and Avenir Growth, along with Fidelity Management & Research Company, T. Rowe Price, GIC and Coatue.
Established in 2019, Ramp is a provider of corporate cards and expense management technology. Ramp supports over 85,000 companies, with annual purchase volume exceeding USD 275 billion and growing 175% year over year.
Reports say the firm generates more than USD 2 billion in annualized revenue and positive cash flow. Ramp has secured over USD 5 billion in equity financing and plans to introduce AI technology to manage costs.
Zenzap Secures USD 44 Million for AI Workplace Tools
Zenzap has raised USD 44 million in a Series B round led by both Bessemer Venture Partners and Lightspeed Venture Partners, with The Garage participating. It is an AI-driven workplace collaboration tool that lets employees collaborate with AI assistants.
This financing will help develop its products, expand AI assistants' capabilities, hire new developers and salespeople, and expand its global presence. According to Zenzap, it has thousands of clients in retail and hospitality, among other sectors.
North.cloud Raises USD 60 Million in Series B
North.cloud secured USD 60 million in Series B funding led by PeakSpan Capital, with participation from Litquidity Ventures, Companyon Ventures, Alpaca, Gaingels and other investors.
The company is developing an autonomous financial operations platform to help businesses control cloud, data and AI expenses. North.cloud is approaching USD 2 billion in managed cloud spending and says it has helped customers save more than USD 400 million. The new capital will support integrations, AI cost optimization, and team expansion.
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Labelbox Raises Over USD 100 Million
Labelbox, an infrastructure company focused on artificial intelligence (AI), secured over USD 100 million in Series E funding. The round combined equity investment and a credit line. Infinitum Partners led the round, with investments from Wipro Ventures, Andreessen Horowitz, B Capital, and others.
Labelbox has over 400 clients and works with over 90% of top AI labs in the United States. The company announced it will be profitable in 2026 and achieved over five times year-over-year growth. The funds will support reinforcement learning infrastructure and enterprise AI agents.
Ultra Raises USD 62 Million for Warehouse Robotics
Ultra, a robotics startup, raised USD 62 million across funding rounds, including USD 50 million in a Series A led by Framework Ventures and an earlier USD 12 million in a seed round. Y Combinator participated in the funding round.
The company provides AI-powered warehouse robots that pack and fulfill orders via a robot-as-a-service model. It has already processed over 500,000 orders.