Generation Investment Management

Ramp Raises $750M at $44B Valuation

Ramp announced a $750 million funding round that values the company at $44 billion, a roughly 38% step-up, in a round led by ICONIQ, GIC and Ontario Teachers’ Pension Plan. CEO Eric Glyman said Ramp has crossed $1 billion in annualized revenue and reached positive free cash flow. The New York-based spend-management and payments company serves about 70,000 customers (including Visa, Uber, Shopify, Anduril and Figma) and has expanded into payments, fraud detection, procurement, vendor management and accounting. Demand is being driven in part by corporate efforts to rein in rising AI-related “token” spending; Ramp offers products to monitor token spend and route tasks to lower-cost AI models. Glyman warned CFOs often didn’t plan for steep AI cost growth and said the era of “tokenmaxxing” is waning. Ramp said it ultimately aims to go public but gave no timetable.

Danny Rimer and Eleanor Lightbody Join Cerebral Valley Summit

Newcomer announced additions to the Cerebral Valley AI Summit London agenda: Danny Rimer (partner at Index Ventures) and Eleanor Lightbody (CEO of Luminance) will speak on-stage. The publisher also revealed the first roster of discussion group leaders who will run breakout sessions, including Ian Hogarth (partner at Plural), Michel Tricot (founder & CEO, Airbyte), Stanislas Polu (founder & software engineer, Dust), Zhenya Loginov (partner at Accel) and Joy Tuffield (head of growth, Generation Investment Management). The one-day summit will be held in London on June 24, 2026. The post invites founders and investors to apply to attend, notes sponsors Nebius and Index Ventures, and references past summit-related outcomes such as Databricks’ acquisition of MosaicML and Suno’s Series C momentum.