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AI Startup Writer Authors $200M Round At $1.9B Valuation

Nov 12, 2024 - news.crunchbase.com
San Francisco-based AI platform, Writer, has secured a $200 million Series C funding round, raising the company's valuation to $1.9 billion. This is a significant increase from the $500 million valuation after a $100 million round led by Iconiq Growth last year. The latest round was co-led by Iconiq, Premji Invest and Radical Ventures, with participation from Salesforce Ventures 1, Adobe Ventures, B Capital, Citi Ventures, IBM Ventures, and Workday Ventures, among others.

Writer's platform uses large language models to improve business workflows and execute complex enterprise operations. The new funding will be used to develop quick-start AI applications and agents for workflows in healthcare, retail, and financial services. The company's customer base includes Accenture, L’Oreal, and Uber.

Key takeaways:

  • Writer, a San Francisco-based generative AI platform, has secured a $200 million Series C funding round, raising its valuation to $1.9 billion.
  • The round was co-led by Iconiq, Premji Invest and Radical Ventures, with participation from Salesforce Ventures 1, Adobe Ventures, B Capital, Citi Ventures, IBM Ventures, Workday Ventures, Accenture, Balderton Capital, Insight Partners and Vanguard.
  • The company plans to use the new funding to develop quick-start AI applications and agents for workflows in healthcare, retail and financial services sectors.
  • Writer's customer base includes high-profile companies such as Accenture, L’Oreal and Uber.
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