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.
AI companies continued to dominate our vendors list. Here’s a breakdown of the top vendors for February 2025:
By new customer count | By new card spend |
|---|---|
1. OpenAI | 1. Elastic |
And the fastest growing vendors:
Biggest percentage change in new customer count | Biggest percentage change in new spend |
|---|---|
1. Sonarsource | 1. Elastic |
OpenAI topped the list, following the launch of GPT 4.5, as companies increasingly adopt enterprise subscriptions and API access to the latest models. OpenAI remains, by far, the leading AI company by business adoption, but I think the most interesting companies on the list are usually the ones most businesses haven’t heard of.
After all, the point of this list is not to highlight the most popular vendors – it’s to highlight the new and trending vendors that businesses are adopting, and that you may want to consider.
Some of the standouts:
- Elastic is a search AI company that builds software for businesses to build their own AI-driven search platforms, like personalized ecommerce searches for consumers or AI searches in customer help centers. Their stock recently surged following an earnings beat.
- xAI, the artificial intelligence arm of the social media company, launched Grok 3 in February, driving a surge in business signups. I’ve been playing with Grok 3 and found that it did pretty well in real-world performance, given how early xAI’s efforts are here.
- Anthropic launched Claude 3.7 Sonnet in February. Anthropic touted the model’s benchmark performance, calling it their “most intelligent model to date.” This is my go-to model and my preference in real-world use, though Anthropic remains significantly behind OpenAI in business adoption rates. Ramp data shows that, as of February 2025, only 4.7% of U.S. businesses have adopted Anthropic’s models, compared to 19.1% for OpenAI.
- Finally, Cursor, the popular AI code editor appeared on our list. With multiple major AI model releases in February, as an end-user, it’s genuinely difficult to keep track, find, acquire, pay for, and then use and switch between each new model for testing (I don’t want to have an OpenAI window and a Cursor window open simultaneously). Cursor integrates all the models into one code editor, and had Claude 3.7 available on day 1 of its release. It was actually how I found out a new model came out.
Keep an eye out for our March top vendors (published in early April).
“When our teams need something, they usually need it right away. The more time we can save doing all those tedious tasks, the more time we can dedicate to supporting our student-athletes.”
Sarah Harris
Secretary, The University of Tennessee Athletics Foundation, Inc.
“Ramp had everything we were looking for, and even things we weren't looking for. The policy aspects, that's something I never even dreamed of that a purchasing card program could handle.”
Doug Volesky
Director of Finance, City of Mount Vernon
“Switching from Brex to Ramp wasn’t just a platform swap—it was a strategic upgrade that aligned with our mission to be agile, efficient, and financially savvy.”
Lily Liu
CEO, Piñata
“With Ramp, everything lives in one place. You can click into a vendor and see every transaction, invoice, and contract. That didn’t exist in Zip. It’s made approvals much faster because decision-makers aren’t chasing down information—they have it all at their fingertips.”
Ryan Williams
Manager, Contract and Vendor Management, Advisor360°
“The ability to create flexible parameters, such as allowing bookings up to 25% above market rate, has been really good for us. Plus, having all the information within the same platform is really valuable.”
Caroline Hill
Assistant Controller, Sana Benefits
“More vendors are allowing for discounts now, because they’re seeing the quick payment. That started with Ramp—getting everyone paid on time. We’ll get a 1-2% discount for paying early. That doesn’t sound like a lot, but when you’re dealing with hundreds of millions of dollars, it does add up.”
James Hardy
CFO, SAM Construction Group
“We’ve simplified our workflows while improving accuracy, and we are faster in closing with the help of automation. We could not have achieved this without the solutions Ramp brought to the table.”
Kaustubh Khandelwal
VP of Finance, Poshmark
“I was shocked at how easy it was to set up Ramp and get our end users to adopt it. Our prior procurement platform took six months to implement, and it was a lot of labor. Ramp was so easy it was almost scary.”
Michael Natsch
Procurement Manager, AIRCO
