"So in 2019, he and his high school buddy, Omid Rooholfada, along with Ethan Yu (Qi's friend from college - also working at a hedge fund) built an AI calendaring and task management app and applied to Y Combinator. They were accepted into the Winter 2020 batch and promptly quit their jobs to go be founders. Motion has since added a fourth co-founder, early employee Chander Ramesh."
"Their growth led to a five-times oversubscribed $38 million Series C round, led by Stacey Bishop at Scale Venture Partners, and a fast preemptive C2 round at a $550 million post-money valuation. The startup has raised $75 million to date from investors like HOF Capital, 468 Capital, and SignalFire with participation from Valor Equity Partners, Fellows Fund, Leonis Capital, and some other big names, like the Altman brothers' fund Apollo Projects. Y Combinator has invested in every round as well, Qi says."
Harry Qi left a high-paying hedge-fund career after feeling empty and co-founded Motion in 2019 with high-school and college friends. Motion created an AI calendaring and task-management app, entered Y Combinator Winter 2020, and rapidly expanded its professional consumer base before launching an integrated AI agent bundle for small and mid-sized businesses. The agent bundle grew to over 10,000 B2B customers and $10 million in ARR within four months. The company raised $75 million to date, closed an oversubscribed $38 million Series C and a preemptive C2 at a $550 million post-money valuation, and added key personnel.
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