Yumbinator is a new $ 38 million to build Microsoft Office from artificial intelligence agents

By the time when Harry Qi was 23 years old, he achieved the type of financial success that most people will never achieve: achieving about one million dollars annually.

He was working as a “quantity” in his first job outside the college. This is the one who talks about an arrow trading analyst in a “quantity” box moved by the statistical form. However, like many people who spend their energies to follow more money, he felt empty.

“At some point, you just want to have a much greater impact on this world,” says Che, 29 now, to Techcrunch.

So in 2019, he and his high school, Omid Roholfada, along with Ethan Yu (QI’s friend of college – who also works in a hedge box) built AI calendar and managing and applying tasks and applying it to Y Combinator. They were accepted in the winter of 2020 and immediately resigned from their jobs to go to the founders. Motion has already added a fourth co -founder, Early employee Chandander Ramish.

Over the next six years, the professional consumer customer base in Motion even, in May, launched an integrated AI agent package for small and medium -sized companies.

They saw the use of their agent bundle exploding. Within four months, this part of their business fell to more than 10,000 B2B customers and $ 10 million in Arr, says Qi Techcrunch.

Their growth led to a 38 million dollar chain tour, led by Stacey Bishop at Scale Venture Partners, and the quick -proactive C2 round with post -money evaluation of $ 550 million.

The startup has raised $ 75 million so far from investors such as Hof Capital, 468 Capital, Signalfire with the participation of Valor Equity Partners, Fellows Fund, Leonis Capital and some other big names, such as ATMAN BROTHERS. Y Combinator has invested every round as well.

The company operates well so that Ashutosh Desai, CEO of QI from YC and YC consultant, join a full time as well.

The movement is specifically directed to small -sized companies that do not have a dollar budgets for Bassel to write their customers and train their agents.

Its call is that all the functions of agents (each have a different human name) integrated with others. The pavilion so far includes an “executive assistant” to automate scheduling, notes, and email responses; sales representative ; Customer Support Representative; And an assistant in writing blog, social media and social media.

The agents also integrate with hundreds of other model SMB tools such as Slack, Google Apps, Teams, Salesforce, etc. Prices range between $ 29 per month against one seat, 1000 credit hours and limited agent functions, to $ 600 for 25 seats and all agents, and 250,000 credit hours. Then a custom pricing from there.

Qi Motion Check over Microsoft Office. “There is an opportunity here to build the next Microsoft,” he said. “Basically you must build all applications.” This is unlike Point Ai-sales representative, customer service robot, blog writing-do not work together.

Despite the recognized “stress”, it bears it as a founder in the rapid change of artificial intelligence, he says he will not return to his old life. On the basis of the friends of text messages with many of his clients, someone tells him every day how Motion makes their lives easier or increases their productivity or revenues.

“If I answered very frankly, financially, it was still a bad decision. Maybe I will connect between three and ten million a year at the present time,” he said jokingly, also indicating that his founder in the middle stage entered now is still comfortable. But he also dreams of building a permanent company, such as Microsoft.

“Was this the right path?” Hymps, thinks about his customers. “What makes you out of bed is just knowing that you have already built something useful.”