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Warp announced a $60M Series B led by Battery Ventures, bringing total funding to…

2026-06-26 · 01:02 UTC ·@ItzSuds ·2 min read

Brief

Warp announced a $60M Series B led by Battery Ventures, bringing total financing to $85M in under a year and closing the round in six days with participation from tech founders including Shopify’s @tobi, Dropbox’s @arashf, and Stripe’s @chughesjohnson. The company positions Employee Management/HCM as the last major enterprise category being rebuilt with AI and says its average customer grows 5x faster than peers while carrying 1/10th the HR/admin overhead. Operational metrics include doubling ARR in Q1, signing enterprise customers with thousands of employees, and being on track for $2B+ payroll volume this year. Warp has launched Warp benefits brokerage and Warp Fabric (an AI-native IT automation suite), operates with a 50+ person NYC team, and will use the capital to build deeper AI agents, tax/compliance infrastructure, and expand the product suite.

Why it matters

Warp announced a $60M Series B led by Battery Ventures, bringing total funding to $85M in just under a year; the round closed in 6 days and included participation from founders/operators such as @tobi (Shopify), @arashf (Dropbox), and @chughesjohnson (Stripe).

Key details

  • Warp reports product and growth milestones: average Warp customers are growing 5x faster than peers with 1/10th of HR/admin overhead, Warp doubled ARR in Q1, is on track for $2B+ payroll volume in 2026, and has signed enterprise customers with thousands of employees.
  • Product and team updates: Warp launched Warp benefits brokerage and Warp Fabric (an AI-native IT automation suite built in-house); the company is ~50+ people in NYC.
  • Use of proceeds and backers: the new funding will fund deeper AI agents, tax and compliance infrastructure, and product expansion; investors named include Sound Ventures, Peak XV, Harj Taggar (YC), Balaji Srinivasan, Kevin Hartz, kvogt, amasad, HOFCapital, colinevans/OpenAI — plus @ItzSuds notes he met Ayush at Pipeline and SPV'd a slug at Warp's Series A.
Source evidence

Hey guys, I had another PortCo announce their raise today. Can you show some love so they know I don’t pick favs🥰

Jokes aside, I met Ayush when I was running Pipeline. Warp was so good & he was so clearly a dog I begged to invest. Got very lucky to SPV a slug at the A. Onward🚀

Ayush S (@ayushswrites)

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 – @soundventures (@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.

Video

— https://nitter.net/ayushswrites/status/2070149308943364470#m