We just closed Q2, and July was our strongest quarter-end month at Warp Summer is the quiet stretch for payroll and HRIS. Most companies switch at year end, so the industry tends to coast through it. We used it to move faster. We booked 10x the net new business we did last July. Net revenue retention held at 125% as existing customers kept expanding onto more of the product. Payroll volume on the platform grew 20% in the month. Companies are running real head-to-head evaluations against the incumbents and choosing Warp. They're choosing it for compliance and AI automations that legacy players still solve (badly) by throwing people at the problem. Onwards

Three years ago I sat across from @harjtaggar, @garrytan, and 3 other partners for my YC interview. Ten minutes, and they grilled me the entire time! It felt way longer. I was certain I had bombed it. Then, that evening, Harj called me: "You're in." That was the start of Warp. We didn't have a full product or revenue, just initial sketches of the platform and a problem we were obsessed to solve. The path there wasn't obvious. I grew up in India, came to the US for MIT, and spent years working on large-scale machine learning before starting Warp. People thought this space was an odd place to start an AI company. But we had a clear thesis. This week, we announced our Series B with $85M in total funding. We're 50 people in NYC, scaling fast. And I got to sit down with Harj again, this time for Founder Firesides. We talk about: → Why I bet on an "unsexy" problem, and why that's exactly the point → What "AI-native" actually means, and why it favors technical founders → Where employee management goes from here Grateful to Harj and YC for the call that started it, and for betting on us before there was anything to bet on.

Today, we're announcing a $60M Series B led by @BatteryVentures, bringing our total funding to $85M in just under a year. Also joining the round are founders and operators who’ve built generational companies of the last two decades – @tobi (CEO, Shopify), @arashf (Dropbox), @chughesjohnson (Stripe), and more. The round came together in 6 days. Here's why. Every major category in enterprise software is seeing multiple AI-native challengers. CRM, ERP, ITSM – all being rebuilt from scratch by a new generation of companies applying AI to solve persistent problems we couldn’t before. Employee Management (also known as HCM) is the exception. It’s the last frontier, and we believe the most important one. The operating layer to manage people, run payroll, benefits, compliance, and IT, for every company in the world, is still built on architecture that predates AI by decades. This fundraise is the story of how Warp is changing that. The average Warp customer is growing 5x faster than their peers, with 1/10th of the HR and admin overhead. We’re seeing a massive shift happening in how the best companies run their people operations. From the fastest-growing AI-startups to massive public companies, the winning teams are running lean: HR, finance, and ops generalists who automate as much as possible, and use their time instead for strategic work that AI can’t automate. Warp is the platform of choice for ambitious companies operating at this new pace. Legacy HCMs help humans track the work. Warp uses AI to proactively complete the work. Workday was built for the last era. We're building for the next one. And it’s working. We've – - Doubled ARR in Q1 - On track to $2B+ payroll volume this year - Signed enterprise customers with thousands of employees - Launched entire product lines back-to-back: Warp benefits brokerage and Warp Fabric (our AI-native IT automation suite built in-house). A few thank-yous: 1. Our customers, the fastest-growing companies in the world, who trust us with their most critical systems. We wouldn't be here without you. 2. Our team - 50+ people in NYC who've built this platform, taken on the hardest problems in business-critical software. We're just getting started. 3. Our investors doubling down in this round, and some of our earliest believers – @sound_ventures_ (@aplusk, @epsteineffie), @PeakXV, (@arnavsahu341), @harjtaggar at @ycombinator, @balajis, @kevinhartz, @kvogt, @amasad, @HOFCapital (@myfady), @colinevans (@OpenAI) We're here to arm ambitious American companies with Workday-grade power, but with the usability and delight of an Apple product. With this new funding, we plan to fund deeper AI agents, tax and compliance infrastructure, expand our product suite, and support even closely our fast-growing customers. Come join us.