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Home > Startups > Funding > Writer raises $200 million in Series C funding led by Premji Invest, Radical Ventures and ICONIQ Growth

Writer raises $200 million in Series C funding led by Premji Invest, Radical Ventures and ICONIQ Growth

Sandesh Patnam, Managing Partner at Premji Invest, and Rob Toews, Partner at Radical Ventures, will join Writer’s board of directors.

Abhinav Kumar Singh
Last updated: November 13, 2024 1:55 PM
By Abhinav Kumar Singh
Writer raises $200 million in Series C funding led by Premji Invest, Radical Ventures and ICONIQ Growth
Writer raises $200 million in Series C funding led by Premji Invest, Radical Ventures and ICONIQ Growth
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Writer, a full-stack generative AI platform for the enterprise has raised $200 million in Series C funding round 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 be used to accelerate the development of AI solutions that can plan and execute complex enterprise workflows across systems and teams. The funding will also be used for the expansion of quick-start AI applications and agents for the most time-intensive workflows in healthcare, retail, and financial services.

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“At Writer, we’re not just creating LLMs that can execute tasks but developing advanced AI systems that deliver mission-critical enterprise work. Today, hundreds of the world’s largest companies are using Writer to deploy generative AI applications and agents that solve tough business challenges and produce unprecedented ROI. With this new funding, we’re laser focused on delivering the next generation of autonomous AI solutions that are secure, reliable, and adaptable in highly complex, real-world enterprise scenarios,” said Writer Co-founder and CEO May Habib.

“Premji Invest doesn’t just bet on companies ready for the public stage; we back the trailblazers poised to transform industries and reshape the world for decades to come. That’s why we’re invested in Writer—they’re not just leading enterprise generative AI, they’re pioneering powerful, reliable, and safe AI systems that deliver outstanding results and giving companies the playbook for a human-centric future of AI,” said Sandesh Patnam, Managing Partner at Premji Invest.

“Writer is a rare gem in the generative AI landscape. The company’s exceptional growth trajectory is a testament to its unique value proposition: a full-stack generative AI platform that works across multiple business functions. With a world-class leadership team and a rapidly growing customer base of the largest blue-chip companies on the planet, Writer is revolutionizing how enterprises leverage AI. We’re thrilled to partner with May, Waseem, and the entire Writer team as they continue to scale their business and redefine the future of work,” said Rob Toews, Partner with Radical Ventures.

Doug Pepper, General Partner at ICONIQ Growth, added, “Writer co-founders May Habib and Waseem AlShikh have built the technology and team to power a profound shift in the future of work, and we’re proud to continue to support their journey. We believe, with its full-stack approach, Writer is on the leading edge of enterprise generative AI innovation. We’re truly impressed by their ability to deliver speed to value for their growing base of customers.”

“There’s a tremendous amount of engineering required to transform LLMs into reliable business tools. Writer provides a refined, AI-powered solution that’s effective, easy to deploy, and has rapidly accelerated our workflows here at Salesforce. We’re excited to join them on this journey not only as an investor, but also as a customer,” said Patrick Stokes, EVP, Product & Industries Marketing at Salesforce.

Arvind Purushotham, Head of Citi Ventures, added, “Writer’s full-stack generative AI platform, powered by proprietary LLMs for financial services, is well-suited to the requirements of global financial institutions, which require AI products to be accurate, highly secure, private, compliant, and ethical. As one of the leading AI investors in financial services, we’re excited to invest in a company that has become a category leader in a very short period of time.”

Co-founded by May Habib and Waseem AlShikh in 2020, Writer is a fully integrated solution that 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.

Writer customers include global leaders like Mars and Fortune 500 companies including Ally Bank, Franklin Templeton, Kenvue, Lennar, Prudential, Qualcomm, Salesforce, Uber, and more have joined Writer’s growing roster of customers, alongside long-standing customer champions like Vanguard, Accenture, L’Oreal, and Intuit. Customers have saved millions of hours in productivity and see a 9x return on investment on average.

TAGGED:ICONIQ GrowthPremji InvestRadical VenturesWriter

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