December 10, 2024

Top SaaS Vendors on Ramp (Dec 2024)

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‍Every month, billions of dollars get processed on Ramp cards for business expenses. And every month, we share the new vendors that customers are purchasing for the first time, to give you a glimpse into emerging market trends, companies on the rise, and much more.

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'Tis the season for holiday gatherings and year-end spending.

This month, we saw several vendors with seasonal vibes emerge on our list of top vendors: both Evite and Paperless Post made the list as companies look to spread holiday cheer to clients and employees.

Here’s a breakdown of the top new vendors for November:

By new customer count

By new card spend

1. GoDaddy
2. Canva
3. Microsoft Office / Azure
4. Adobe
5. OpenAI

1. ZoomInfo
2. LinkedIn
3. HubSpot
4. Atlassian
5. Avalara

And the top vendors by the percentage change in spend:

Biggest percentage change in new customer count

Biggest percentage change in new card spend

1. GoDaddy
2. Formstack
3. Evite
4. StackBlitz
5. Paperless Post

1. Skyflow
2. Figma
3. Lattice
4. Chargebee
5. Medallion

StackBlitz burst onto the scene in October with the launch of its web development AI agent, Bolt. Bolt helps developers and designers use leading AI models to generate, deploy, and troubleshoot code directly in the browser. Within four weeks of launch, Anthropic announced that Stackblitz had achieved $4M ARR with the integration of Claude.

Skyflow has also seen enormous growth this year. Originally an API that stored personally identifiable information (PII) for its customers, Skyflow has expanded into AI data management, protecting sensitive data from being sent to LLMs. Given the number of companies that have deployed AI this year, it’s no wonder that there’s an increased demand for data governance.

Also AI-related, Chargebee now lets companies offer subscription services based on AI usage rather than the number of seats (or a combination of the two). As we’ve written previously, “every company is an AI company” now, racing to add AI features to their products. For any SaaS company, the traditional per-seat pricing model doesn’t work if the costs to run AI exceed the per-seat price. We expect to see a lot of pricing models change as companies see their customers rely more on AI features.

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