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Exclusive: Warp raises $60m to go up against ADP, Rippling

Warp, a startup using AI to automate payroll compliance and employee management, raised $60 million in Series B funding, CEO Ayush Sharma tells Axios exclusively.Why it matters: Investors are betting that a new generation of AI-native employee management companies can succeed in a field of well-funded competitors.Battery Ventures led the round, joined by Peak XV, Sound Ventures, Y Combinator, and HOF Capital.How it works: Warp automates payroll, new hire onboarding, tax compliance, and IT manage...

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