Startup of expenditure management Ramp acquired a team of a three -person startup called JOLT AI The intention to make engineers “so productive” only says Crunchbase News.
Although a relatively small acquisition, the contract is significant because it is representative of the role played by artificial intelligence in many fastest growing startups supported by ventures-in-parties that are not necessarily only AI.
Fintech Ramp based in New York is definitely one of those fast -growing groups, after reaching A valuation of $ 22.5 billionAnd also annual revenues of $ 1 billion in 2025. A valuation of $ 13 billion Just a few months earlier in March, in addition to growth Annual revenues of $ 700 million from January.
The company claims that it began to “generate cash flow” at the starting of this 12 months.
JOLT AI He collected barely below $ 2.5 million since the start of 2022 from investors, comparable to GraduatesIN 8-bit capitalIN and engineering capital. The startup was initially a load testing platform before trading in 2024 Yev Spector.
More startups buying startups
In addition to strategic for the ramp, the takeover is also representative for an increase in the number Startups buying other startups. According to Crunchbase data. Compared to 539 in the same period last 12 months, which is an increase of 20%.
For comparison, in the full years 2021 and 2022 there have been almost 1000 offers, in which the startups bought other startups for the Crunchbase data.
“Making radical engineers radically”
Karim AtiyehCo -founder and CTO from Rampu said Crunchbase News that one of the the explanation why his company grew so quickly is focusing on “product speed and overall performance”.
“The need for both of them is now even more important when AI and aggressive work in finance,” he said.
He claims that partly thanks to AI, ramp customers can do 3x more in the ramp today than simply two years ago.
“And in the next two years we want it to be 30x,” said Atiyeh. “We think that the way to get there, focusing on artificial intelligence and agency work flows, making the RAMPU platform much stronger. We focus on employing the best engineering talents to make it happen, and what is important, making our engineers so productive.”
It was so excited about the shock team. Atiyey said that each one their focus “is that the engineers are radically productive – they help them send them faster.”
Pivot Jolt AI 2024 turned out to be the right move. So much that the general director of one of his first customers introduced a small startup to Atiyeh and Ramp at the starting of this 12 months.
And the rest, as they say, is a story. The purchase of RAMPU was covered only by a company of three, not its product.
“Jolt is a team of world -class engineers who have spent years to solve one of the most difficult problems in the productivity of programmers,” said Atiyeh. “Now they bring this knowledge to the RAMPA programmers tool and more. I am most excited to see what their team can do in the ramp, so that’s what this offer focused on.”
The financial conditions of the transaction have not been disclosed.
Swimming
Today the ramp has over 45,000 customers, Up with over 30,000 At the starting of March. These clients embrace ShopifyIN Anduril IndustriesIN ConceptIN CursorIN CbreIN StripeIN ElegantIN ZiprecruiterIN OlipapIN GlossyAND First structureamong others.
Currently, the ramp has 1,200 employees. Team Shock – consisting of a spector, Jon Reynolds (Cto) i Carlos Kelly (Chief engineer) – integrates with the team of the RAMP Engineering Platform with “basic emphasis on the help of engineers faster construction”.
“THey, they will do it by strengthening our basic AI platform and infrastructure, recharging our developer’s experience and transforming the product and instrumentation with the AI used, “said Atiyeh.
He added that the trio may also work on AI Ramps and agency products for its clients.
This is not the first time the ramp was purchased by AI firms. In 2023 IT received Cohere To speed up customer support powered by artificial intelligence. And in 2024 acquired Premises To automate work flows.
“From the perspective of talents, the Rap engineering team consists of founders, Math Olympics and AI researchers,” said Atiyeh Crunchbase News. “… my goal is to employ elite technical talents and then leave the road.”
For his part, the specter Jolt admitted in an interview that he I didn’t expect that he could be acquired by a company like ramps, but that he is “very happy”, his team landed there.
The trio will work on many things, including the internal engineering platform of RAMP.
“Some of them include AI tools. Our whole goal is to make sure that the engineers are as fast and effective as possible,” said the spector. “And on the Thins side from the client there is a large development around the introduction of AI agents and functions to work flows. So we will also help in this section.“
To sum up, according to Atiyeh, Ai changes the way the ramp uses and builds the software.
“With the band Jolt on board we double the fronts,” wrote Atiyeh in the blog post: “Building internal AI devtools, which help our engineers send at high speed, and creating products that save financial teams and money on a scale.”
Over the years, Ramp built a name for himself in the corporate card and expenditure management space. Is branched for travel, account remuneration, and issued and issued in January recent tax product This made it enter the territory of a digital bank.
His latest acquisition is in line with what the experts see in 2025 at the starting of this 12 months, Lindsey S. Mignanoco -founder SSM lawIN excellent An interesting trend that sees: more acquisition of resources plus acquisitions.
She said that one of the reasons for this growth is rush to the market, especially in an extremely competitive field of artificial intelligence and firms that have registered artificial intelligence for their offer.
Indeed, the ramp works in an extremely competitive space with comparable to Navan -who recently submitted S-1 To go in public Despite the indisputable fact that he is far from profitable – MercuryAND Brex. On October 2 Blog postCEO and co -founder of Brex Pedro Francesco He wrote that his company “for the first time in history positively supports cash flows.”
Since its creation 2019, Rampa based in New York claims that it collected a total of $ 1.9 billion in capital financing. Investors cover Iconiq CapitalIN FoundersIN Khosla VenturesIN General catalystIN StripeIN CitiIN Lux capital AND Capital sequoiaIN LightSpeed PartnersIN GV (previously Google Ventures), T. Rowe Price AND Collective operator.