Writer, a three-year-old startup based in San Francisco, has successfully secured $100 million in Series B funding, signaling strong support and confidence from investors and leading enterprise clients.
The funding round was led by ICONIQ Capital and saw participation from prominent investors, including Accenture and Vanguard, as well as other notable venture capital firms.
Writer offers a comprehensive suite of 14 proprietary AI models, such as Palmyra, tailored to various enterprise functions. These models enable enterprises to generate content, transcribe audio, summarize data, and more.
The company's AI models cater to a wide range of enterprise functions, including support, operations, product development, sales, HR, marketing, and more. These models are designed to enhance productivity and efficiency across various departments.
Writer's AI models are fully auditable and tailored for specific industries, such as healthcare. This auditable nature addresses concerns about the "black box" nature of AI models.
The company's Palmyra model achieved top rankings in critical AI benchmark tests, surpassing models by industry leaders like OpenAI, Google, and Microsoft.
The platform places a strong emphasis on data security and privacy. The company's AI models are trained on clean, non-copyrighted, and enterprise-friendly datasets. Writer ensures customer data privacy and offers the option for self-hosting.
Writer's clients have reported significant benefits from using its platform, including a 40% increase in non-branded SEO traffic for Adore Me and a 50% reduction in content creation time for UiPath.
Writer's successful Series B funding round demonstrates its potential to transform the generative AI landscape for enterprises. With a diverse suite of auditable models, a strong focus on data security and privacy, and a track record of delivering tangible benefits to its clients, Writer is poised to further expand its offerings and influence in the enterprise AI market.
