Writer has raised $200 million at a $1.9 billion valuation to expand its generative AI platform.
The round was co-led by Premji Invest, Radical Ventures, and ICONIQ Growth, with participation from investors including Salesforce Ventures, Adobe Ventures, B Capital, Citi Ventures, IBM Ventures, and Workday Ventures.
Writer CEO May Habib said the new cash, which brings Writer's total raised to $326 million, will be used for product development and “strengthening the company's leadership in the enterprise-generated AI category.”
“At Writer, we don't just create models that can perform tasks; we develop advanced AI systems that enable mission-critical enterprise operations,” Habib said in a statement. “With this new funding, hundreds of the world’s largest companies are now using Writer to deploy generative AI applications and agents that solve their toughest business challenges and drive unprecedented ROI. , we are committed to delivering next-generation autonomous AI solutions that are secure, reliable, and adaptable to highly complex real-world enterprise scenarios.”
Writer was founded in 2020 by Habib and Waseem AlShikh. Over the years, the company has grown into a full-stack generative AI platform with products that can be customized for a variety of enterprise use cases.
In 2023, Writer launched Palmyra, its own model for text generation. Later that year, the company debuted the ability to connect business data sources to its models and the ability for customers to self-host models trained in Writer.