San Francisco, CA – November 12, 2024
Writer, a leading full-stack generative AI platform tailored for enterprise solutions, has announced a $200 million Series C funding round at a $1.9 billion valuation. The round was co-led by Premji Invest, Radical Ventures, and ICONIQ Growth, with additional participation from prominent investors such as Salesforce Ventures, Adobe Ventures, IBM Ventures, and Workday Ventures.
The capital infusion brings Writer’s total funding to $326 million, which will accelerate the company’s development of advanced enterprise-grade agentic AI solutions. These tools are designed to optimize complex workflows, enhance productivity, and deliver scalable, secure AI systems for high-impact use cases.
Scaling Enterprise Solutions
Founded in 2020 by May Habib and Waseem AlShikh, Writer has grown into a platform offering customizable generative AI tools for various industries. Its solutions integrate seamlessly with enterprise systems, providing AI agents that execute complex workflows while maintaining data security and adaptability for real-world scenarios.
In 2023, Writer launched Palmyra, its proprietary family of large language models (LLMs). Recently, it introduced Palmyra X 004, a state-of-the-art model developed using synthetic data at a fraction of traditional costs. Writer’s platform is now used by hundreds of Fortune 500 companies, including Mars, Qualcomm, Uber, and Salesforce, delivering a 9x return on investment on average.
Strategic Vision
May Habib, Co-founder and CEO, emphasized Writer’s mission:
“At Writer, we’re building advanced AI systems that do more than execute tasks—they solve critical business challenges with security and reliability. This funding allows us to continue delivering unparalleled enterprise solutions, shaping the future of work with adaptable, autonomous AI.”
Market Impact
Writer’s innovative approach aligns with the growing demand for enterprise AI solutions, a market projected to surpass $1 trillion in revenue within the next decade. The platform’s focus on developing industry-specific applications addresses challenges in sectors like healthcare, retail, and financial services, offering clients time-saving, high-efficiency tools.
Sandesh Patnam, Managing Partner at Premji Invest, highlighted the investment’s significance:
“Writer is leading the charge in enterprise generative AI with solutions that redefine business productivity. Their vision for ethical, human-centric AI positions them as pioneers in transforming industries globally.”
About Writer
Writer delivers secure, scalable generative AI solutions to enterprise clients. With proprietary LLMs, customizable AI guardrails, and development tools, Writer transforms workflows across diverse industries. Trusted by industry leaders like Accenture, L’Oréal, and Intuit, Writer is reshaping the enterprise AI landscape with innovative, results-driven solutions.
For more information, visit writer.com.
