Guess what? The tech world is still buzzing about generative AI startups, especially if they’re all about helping businesses.
Enter Writer, the latest sensation on the block. They’re creating a “full-stack” generative AI platform tailor-made for businesses. And guess what? They’ve just bagged a whopping $100 million in their Series B funding round! The big players behind this cash splash include ICONIQ Growth, WndrCo, Balderton Capital, and a few others, including their customers, Accenture and Vanguard.
With this latest cash boost, Writer’s total funds have shot up to $126 million. And if you’re curious about their worth, they’re now valued somewhere between $500 million and $750 million. So, what’s the plan? May Habib, the Writer’s brainy CEO and co-founder, spilled the beans to TechCrunch. They’re all set to craft “industry-specific” AI models that can whip up text like a pro.
May shared some insights, saying that while many companies are just dipping their toes into generative AI, the real magic happens when you dive deep into the nitty-gritty of AI work. And that’s where Writer shines, making the complex stuff a breeze and keeping everything secure in a private cloud.
But wait, there’s more! The Writer’s not alone in this game. They’ve got companies with big names like OpenAI, Anthropic, AI21 Labs, and others. But Writer’s got some aces up their sleeve. They’ve trained their AI models on business writing free from copyright tangles. Plus, their models are lean, mean, and cost-effective. And the cherry on top? They’re super transparent and never peek into customer data.
Writer’s not just about the tech. They let businesses connect the AI models to their data, making research and fact-checking a breeze. Plus, they ensure that T follows all the legal and brand rules.
All this awesomeness has won Writer a fan club with big names like Spotify, Uber, L’Oreal, and many more. Based in San Francisco and boasting a 100-strong team, Writer’s been on a roll, multiplying their revenues by 10 in just two years.