By the time Harry Qi was 23 years old, he had achieved the kind of financial success that most people will never succeed: making about $ 1 million a year.
He worked as “Quant” in his first work from college. This is hedge-fund talks about a analyst who is negotiating shares in a “Quant” fund led statistical models. But like many people who spend their actions pursuing more and more money, he felt empty.
“At some point you just want to make a much bigger impact on this world,” says Qi, now 29, says TechCrunch.
Thus, in 2019, he and the gymnasium friend, Omid Rooholfada, along with Ethan Yu (a friend of Qi from college – who also work on a hedge fund) created a AI management and management app and were applied to Y Combinator. They were accepted in the winter batch of 2020 and immediately abandoned their jobs to go to the founders. Motion has since added a fourth co -founder, an early Chander Ramesh employee.
Over the next six years, Motion’s mostly professional consumer base has increased steadily, by May, a comprehensive AI agent for small and medium -sized businesses began.
They saw the use of their agent’s beam explode. In four months, their part of their business only increased to more than 10,000 B2B customers and $ 10 million in ARR, says Qi Techcrunch.
Their growth has led to five times a C -series over -cover of a series of $ 38 million, led by Stacey Bishop at Scale Venture Partners and a quick C2 preventive round after $ 550 million.
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The start has raised $ 75 million to date from investors such as HOF Capital, 468 Capital and Signalfire with the participation of Valor Equity Partners, Fellows Fund, Leonis Capital and other big names, such as Brothers’ Apollo projects, Y Combinator has investing and in every round.
The company is doing so well that Ashutosh Desai, Qi’s executive coach from YC days, and a YC consultant, was also integrated as a full timer.
The traffic is specially oriented to small medium -sized businesses that do not have budgets to write and train their own agents.
Its appeal is that all Agangic functions (each with a different human name) are integrated with others. So far, the suite includes an “executive assistant” to automate programming, signs, e -mail answers. a sales representative. Customer Support Rep; and a marketing assistant on blog-media-media-post.
Agents are also incorporated with hundreds of other standard SMB tools such as Slack, Google applications, groups, salesforce, etc., use fees: a set of basic credits, as well as additional appropriations, depending on the needs, depending on the number of uses of the factors. Prices range from $ 29 a month for 1 place, 1,000 credits and limited agent operations, $ 600 for 25 seats and all agents, 250,000 points. Then customized pricing from there.
Qi sees the movement like building the Microsoft Office equivalent agency. “There is an opportunity here to build the next Microsoft,” he said. “Basically we need to build all applications.” This contradicts the AI-Males Sales Purchase Products, a customer service bots, a blog-writing one who does not work together.
Despite the admissible “anxiety” that endures as a founding building in the rapidly changing field of AI, he says he will not return to his old life. He is on the basis of written messages with many of his clients, and every day one of them tells him how movement makes their lives easier, increases their productivity or revenue.
“If I answer very honestly, financially, it was still a bad decision. But he also dreams of building a constant company like a Microsoft.
“Was that right path?” He looks, thinking about his customers. “What gets you out of bed is just knowing that you really built something useful.”
