Writer offers 14 models of different sizes, trained on public data from various sources and fine-tuned on company-specific proprietary data. The company recently released PalmyraMed, trained on public medical datasets for healthcare applications. Habib highlights Writer’s integration with commonly used tools and its plugin or extension that marks up content with suggestions as its key selling points.
Key takeaways:
- Generative AI startup Writer has raised $100 million in a Series B funding round, valuing it between $500 million and $750 million. The round was led by Iconiq Growth with participation from WndrCo, Balderton Capital, Insight Partners and Aspect Ventures.
- Writer's AI tools are used by firms like Spotify, Uber and Accenture to research, create and analyze content. The company's revenue has increased by 10 times in the last two years and four times since the start of this year alone.
- Writer offers a group of 14 models of different sizes, from 128 million parameters to 43 billion parameters. The models, called Palmyra, were trained on public data from sources like web pages, books, Wikipedia, Github and transcribed video content from YouTube.
- Writer's key selling point is its integration with the tools that employees use (Salesforce and Adobe), and that the app can be embedded into workspaces like Google Chrome, Figma, Google Docs, Canva, Microsoft Word and Outlook by installing Writer’s plugin or extension which automatically marks up the content with suggestions.