Writer, a San Francisco, CA-based, enterprise-focused generative AI platform, has raised $200 million in a Series C funding round, bringing its valuation to $1.9 billion.
Investors
The funding was led by Premji Invest, Radical Ventures, and ICONIQ Growth, with additional support from Salesforce Ventures, Adobe Ventures, Citi Ventures, IBM Ventures, and others.
Founded in 2006, Premji Invest is a growth/expansion firm based in Menlo Park, California. The firm invests in mid to later-stage growth companies in the technology, consumer, financial, and healthcare sectors.
Radical Ventures is a venture capital firm based in Toronto, Canada, that invests in entrepreneurs applying deep technology to transform massive industries. With a primary focus on machine learning and artificial intelligence, Radical Ventures seeks to partner with exceptional entrepreneurs with global ambition to build enduring companies.
ICONIQ Growth is a venture and growth platform that partners with visionaries to define the future of their industries to transform the world. The firm has partnered with over 140 companies across various stages, sectors, and geographies.
Sandesh Patnam from Premji Invest and Rob Toews from Radical Ventures will join the Writer’s board.
Writer Use of Funds
The company will use the funds to accelerate its development of AI solutions. The funding will also support a rapid expansion of quick-start AI applications and agents for the most time-intensive workflows in healthcare, retail, and financial services.
About Writer
Writer provides a generative AI platform designed specifically for enterprises, focusing on delivering large language models (LLMs) and AI-powered solutions that help businesses improve productivity and automate complex workflows. Writer’s suite of development tools is supported by Palmyra – Writer’s state-of-the-art family of LLMs – alongside its industry-leading graph-based RAG and customizable AI guardrails. Writer's customers, include Accenture, Intuit, L’Oréal, Salesforce, Uber, and Vanguard. The company was founded in 2020 and has offices in San Francisco, New York City, and London.
Funding Details
Company: Writer
Raised: $200.0M
Round: Series C
Funding Date: November 2024
Lead Investors: Premji Invest, Radical Ventures, ICONIQ Growth
Additional Investors: Salesforce Ventures, Adobe Ventures, Citi Ventures, IBM Ventures
Company Website: https://writer.com/
Software Category: Productivity and Workflow Automation
Source: https://www.businesswire.com/news/home/20241112482564/en/