Broadly consumers will be varied, sheer size of the customers base, some will prefer the automative aspect of tedious work. Many such cases.
The bet for a lot of these consumers companies is the long tail of non-sytematic tasks. For daily repeatable ones, there is already lot of automation
ChatGPT Ads are doing insanely well and happy to get a first row seat through our customers at Lapis
Many marketers are still stuck in the Google / Meta ads world where people are aimlessly scrolling and one out of a hundred ads is clicked on. But these ads are pointless, they are just noise in the whole experience
ChatGPT Ads on the other hand is different because it serves you ads that you genuinely would like or products you would use. Not all the time (since its super new) but good enough that its a must-have channel for anyone who's looking to be positioned for the future
Lots of cos still sleeping on it
Not joking when I say we're quantitatively 10x better when it comes to paid ads, and you can see how much in little under a week
The performance delta from using high performance agents to perform old legacy functions is far too big to even measure properly
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 whoโve built generational companies of the last two decades โ @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 โ all being rebuilt from scratch by a new generation of companies applying AI to solve persistent problems we couldnโt before.
Employee Management (also known as HCM) is the exception. Itโs 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.
Weโre 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 canโt 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 itโs working. We've โ
- 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 โ @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.