Motion just closed a five-times oversubscribed $38 million Series C round to accelerate its vision of becoming the AI agent equivalent of Microsoft Office for small and mid-sized businesses. The Y Combinator-backed startup reached $10 million in ARR and 10,000 B2B customers within four months of launching its integrated AI agent suite, positioning it as a major player in the exploding enterprise AI automation market.
Motion is betting big on becoming the integrated AI agent platform that small businesses have been waiting for. The Y Combinator-backed startup just secured a five-times oversubscribed $38 million Series C round led by Stacey Bishop at Scale Venture Partners, bringing its total funding to $75 million and valuation to $550 million post-money.
The numbers tell a compelling growth story. In just four months since launching its AI agent bundle in May, Motion exploded to over 10,000 B2B customers generating $10 million in annual recurring revenue. "They saw usage of their agent bundle explode," founder Harry Qi told TechCrunch in an exclusive interview.
Qi's journey to this moment reads like a classic Silicon Valley pivot story. At 23, he was pulling down $1 million annually as a quantitative analyst at a hedge fund — the kind of Wall Street success most never achieve. But the financial rewards felt hollow. "At some point you just want to make a much bigger impact on this world," the now-29-year-old founder explained.
In 2019, Qi and his high school friend Omid Rooholfada, along with college buddy Ethan Yu, built an AI calendaring and task management app and applied to Y Combinator. They were accepted into the Winter 2020 batch and immediately quit their lucrative finance jobs. The team later added fourth co-founder Chander Ramesh, an early employee who proved instrumental in the company's evolution.
For six years, Motion steadily built its professional consumer base around productivity tools. But the real breakthrough came when they pivoted to small and mid-sized businesses — a market underserved by enterprise AI solutions requiring massive budgets and technical teams.
"Motion is specifically geared toward small-mid-sized businesses that don't have bazillion-dollar budgets to custom write and train their own agents," according to the TechCrunch report. This positioning directly challenges fragmented AI tool approaches that force businesses to cobble together separate solutions for sales, customer service, and marketing automation.
