Writer Scoops Up $200M Series C Financing
2024-11-12
SAN FRANCISCO, CA, Writer, the full-stack generative AI platform for the enterprise, today announced $200 million in Series C venture funding at a $1.9 billion valuation.
The round was co-led by Premji Invest, Radical Ventures, and existing investor ICONIQ Growth, with participation from investors including Salesforce Ventures, Adobe Ventures, B Capital, Citi Ventures, IBM Ventures, and Workday Ventures. Existing investors Accenture, Balderton, Insight Partners, and Vanguard also supported the round. Sandesh Patnam, Managing Partner at Premji Invest, and Rob Toews, Partner at Radical Ventures, will join Writer's board of directors. The new capital will help cement the company's leadership in the enterprise generative AI category and fuel Writer's development of enterprise-grade agentic AI.
Writer is the full-stack generative AI platform delivering transformative ROI for the world's leading enterprises. Its fully integrated solution makes it easy to deploy secure and reliable AI applications and agents that solve mission-critical business challenges. 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. Hundreds of customers like Accenture, Intuit, L'Oreal, Salesforce, Uber, and Vanguard trust Writer to transform the way they work.
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