Writer, a generative AI platform designed specifically for enterprises, has raised $200 million in Series C funding, led by Premji Invest, Radical Ventures, and ICONIQ Growth, with other notable contributions from Salesforce Ventures, Adobe Ventures, and Citi Ventures.
This latest funding, which brings Writer’s valuation to $1.9 billion, marks a significant push towards developing “agentic AI” that performs complex tasks and workflows autonomously, signaling Writer’s aspirations to become a leader in the generative AI space for large organisations.
Just a day back, we also reported about how Bubty raised $3.3M seed funding to address global freelancer misclassification risks. It’s a good read as well.
What problem is the startup trying to solve
The AI landscape is rapidly evolving, and demand is rising among enterprise clients seeking platforms that integrate with complex workflows. Writer’s CEO and co-founder, May Habib, explained that the company’s mission goes beyond simple task execution to delivering “mission-critical enterprise work” through advanced AI systems.
“Today, hundreds of the world’s largest companies are using Writer to deploy generative AI applications and agents that solve tough business challenges,” said Habib. She emphasised that the Series C funding will fuel Writer’s focus on developing secure and adaptable AI solutions for real-world scenarios in sectors like healthcare, retail, and finance.
As Writer scales, investors see potential in its full-stack AI platform, designed to support various business functions within large organisations. “Writer’s exceptional growth trajectory is a testament to its unique value proposition,” said Rob Toews, a partner at Radical Ventures, highlighting how Writer’s AI capabilities appeal to Fortune 500 companies. Premji Invest’s Sandesh Patnam expressed a similar sentiment, pointing out that the firm’s investment is based on Writer’s role in “transforming industries” and paving a path toward a human-centric AI future.
Writer’s customer base includes industry giants like Mars, Salesforce, and Uber, alongside longstanding clients such as Accenture and Vanguard. These enterprises reportedly save millions of work hours, achieving up to a 9x return on investment from Writer’s AI tools. Such efficiency gains are integral as companies increasingly seek to streamline processes and optimise productivity through AI.
What are the problems with developing enterprise-ready AI and how does the startup solve it
In enterprise settings, privacy, compliance, and data security are paramount, particularly for regulated sectors such as finance. Writer’s AI tools are structured to accommodate these needs. Arvind Purushotham, Head of Citi Ventures, emphasised that Writer’s proprietary language models (LLMs) are particularly valuable for financial institutions due to their focus on “accuracy, security, privacy, compliance, and ethical considerations.”
Writer’s technological advancements include its proprietary Palmyra family of LLMs, known for high performance in knowledge management and engineering applications. Recently, the company introduced its Palmyra X 004 model, which has enhanced capabilities for complex tool calling and task execution across different business domains, ensuring that Writer’s tools can perform intricate, multi-step processes reliably.
The demand for integrated AI platforms has led to an expansion in Writer’s client list, which includes various Fortune 500 companies. Major brands and corporations, such as Ally Bank, Qualcomm, and Prudential, utilise Writer’s tools for a wide range of applications. This growth aligns with a broader market trend where enterprises increasingly adopt AI to solve complex business challenges, integrate efficient solutions across departments, and leverage real-time insights.
Patrick Stokes, EVP of Product & Industries Marketing at Salesforce, highlighted the effectiveness of Writer’s AI systems in streamlining internal workflows at Salesforce, calling Writer “a refined, AI-powered solution that’s effective [and] easy to deploy.”
Future plans towards shifting autonomous AI for enterprises
In the wake of this funding round, Writer plans to continue developing autonomous AI agents capable of executing complex workflows across industries. With a full-stack approach that includes no-code and code-based development tools, Writer’s offerings allow businesses to deploy customised AI solutions that align with specific enterprise needs. By offering flexible, highly customisable AI tools, Writer aims to reduce the time and resources enterprises spend on manual processes.
Doug Pepper, General Partner at ICONIQ Growth, commended Writer’s approach, stating that it is on “the leading edge of enterprise generative AI innovation” by delivering measurable value quickly to customers. This approach reflects a growing shift toward autonomous AI that can perform sophisticated tasks independently, thus shaping the “future of work” by automating high-skill tasks across sectors.
What do we think about the startup
With a valuation of $1.9 billion and strong backing from prominent investors, Writer aims to strengthen its leadership in enterprise-focused generative AI. The platform’s focus on high-performance, secure, and adaptable AI models positions it to address complex, industry-specific needs in sectors like finance, healthcare, and retail.
As enterprise AI adoption grows, Writer’s investment in agentic AI may allow it to fulfill a significant role in the future of digital transformation, providing companies with tools to automate, scale, and secure their workflows effectively.
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