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Finance SaaS Repositions Around 'AI Token Spend' as a Third Pillar of Corporate Budgets
Fresh off a June 4 Series F ($750M at a $44B valuation, led by ICONIQ, GIC, and Ontario Teachers'), Ramp CEO Eric Glyman is pitching AI-token consumption as the 'third pillar' of business spend — after payroll and traditional procurement — bundling cards + software + AI governance + procurement agents. Its chief rival vanished when Capital One completed its $5.15B Brex acquisition on April 7, 2026. Read alongside SaaStr's $13.42/hour agent cost, this signals agent runtime is becoming a first-class budget line, and spend-management SaaS is racing to own the governance of it.
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