T. Rowe Price Backs $750M Ramp Round at $44B Valuation and Debuts Podcast
TROW•T. Rowe Price backed Ramp’s $750 million funding round at a $44 billion valuation, supporting AI-driven expense automation for 70,000 clients who saved $12 billion and 27 million hours. T. Rowe Price Investment Institute launched a podcast titled "The Loser's Game: Lawrence Evans on Skill, Bias, and Better Decisions", emphasizing disciplined processes, bias recognition.
1. Ramp Funding Round Participation
T. Rowe Price participated in Ramp’s $750 million funding round valuing the fintech at $44 billion, joining lead investors ICONIQ, GIC and Ontario Teachers’ Pension Plan. Ramp’s AI-powered expense automation platform serves 70,000 clients, generating $12 billion in savings and reducing 27 million labor hours, highlighting its rapid growth potential.
2. Launch of Decision-Making Podcast Episode
T. Rowe Price Investment Institute released a new podcast titled “The Loser’s Game: Lawrence Evans on Skill, Bias, and Better Decisions,” where host Justin Thomson and Evans discuss disciplined investment processes, bias recognition and the role of human judgment alongside AI in enhancing long-term performance.
