Warp Raises $60 Million Series B from Battery Ventures

Warp, an AI-native payroll, compliance, and benefits platform, led by Ayush Sharma and the team, has announced a $60 million Series B led by Battery Ventures, with participation from Peak XV, Sound Ventures, and Y Combinator, bringing the total funding to $85 million in just under a year.

Support and Market Context.

The company is backed by leaders from some of the most influential technology organizations of the past two decades, including Shopify CEO Tobi Lütke, former Stripe COO Claire Hughes Johnson, Dropbox co-founders Drew Houston and Arash Ferdowsi, former Coinbase CTO Balaji Srinivasan, Eventbrite founder and former CEO Kevin Hartz, former Cruise CEO Kyle Vogt, and Replit founder Amjad Masad.

While this support is meaningful, the financing is positioned as part of a broader shift in enterprise software. Human Capital Management remains one of the largest categories in enterprise technology, covering payroll, benefits, compliance, onboarding, employee data, and workforce operations. Despite its scale, much of the category continues to rely on legacy systems built long before the emergence of AI.

The company expects this foundation to evolve significantly as AI-native systems reshape how workforce software is designed and operated.

The Last Great Enterprise Software Category.

Most major enterprise software categories are already being reimagined through AI, from CRM and ERP to IT service management. Human Capital Management (HCM), however, remains largely untouched and still dominated by legacy systems built before AI.

Platforms like Workday enabled large-scale workforce management but often require complex implementations and significant operational overhead, creating a tradeoff between capability and usability across company sizes.

AI changes this equation by enabling systems that execute work end-to-end instead of simply tracking tasks. Processes like onboarding, compliance, payroll coordination, and benefits management can be automated directly within software, reducing manual effort and operational complexity.

This shift positions HCM as one of the final major enterprise categories ready for an AI-native rebuild, where software moves from managing work to completing it.

A Shift in How the Best Companies Operate.

Leading companies are fundamentally changing how people operations are run. Across fast-growing startups and public companies alike, teams are becoming leaner, with HR, finance, and operations functions increasingly focused on automation and high-impact strategic work rather than manual administration.

Warp is becoming the platform of choice for these organizations. On average, Warp customers are growing significantly faster than peers while operating with substantially lower HR and administrative overhead, costs that were once considered an unavoidable part of scaling a company.

Beyond Chatbots: Truly AI-Native Employee Management.

Payroll, compliance, benefits, onboarding, and workforce operations represent some of the most complex processes inside a company, spanning thousands of jurisdictions and constantly evolving regulations with real financial consequences when handled incorrectly.

Rather than treating these functions as separate tools, Warp unifies them into a single platform for companies ranging from 5 to 5,000 employees. The focus is not breadth alone, but a design philosophy centered on software that executes work end-to-end.

Payroll is processed in seconds across all 50 states, compliance workflows automatically adapt to regulatory changes, filings and agency notices are handled through automated systems, and employee onboarding and offboarding trigger instant provisioning and deprovisioning across tools and devices.

This approach reflects a broader shift in enterprise software: moving beyond AI as an interface layer toward systems that understand context, orchestrate workflows, and complete operational work in the background with minimal human intervention.

Early Traction.

The early results reflect strong momentum behind the company’s thesis. ARR has doubled in Q1, payroll volume is projected to exceed $2 billion this year, and the platform is already being adopted by enterprise customers with thousands of employees.

Product expansion has also accelerated, with the launch of Warp Benefits Brokerage and Warp Fabric, an AI-native IT automation suite built in-house. Together, these releases extend the platform’s reach across core workforce operations, from benefits to IT management.

What's Next?

Every company manages people, and nearly all struggle with administrative complexity that still requires significant manual effort from employees. The opportunity lies in rebuilding employee management as one of the first major enterprise software categories designed natively around AI.

The company plans to accelerate investment in deeper AI agents, tax and compliance infrastructure, an expanded product suite, and enhanced customer support. This includes continued development of systems that reduce operational overhead while increasing automation across core workforce functions.

The team has grown rapidly, scaling from 15 to over 50 employees in the past six months with an in-person model in New York, and is expected to reach 200 in the coming year. Despite this growth, the focus remains on maintaining a lean structure where AI provides significant leverage to each employee.

Customers include fast-growing companies such as Bland AI, Serval, Campfire, Corgi, Reducto, and Greptile, reflecting adoption among high-growth technology organizations.

The long-term mission is to combine enterprise-grade capability with a user experience that is simple, intuitive, and accessible, rethinking legacy systems through an AI-native approach.