TechCrunch
Writer nets $100M for its enterprise-focused generative AI platform
Investors haven’t tired of generative AI startups yet — particularly those with clear enterprise applications. Case in point, Writer, which is developing what it describes as a “full-stack” generative AI platform for businesses, today announced it raised $100 million in a Series B funding round led by ICONIQ Growth with participation from WndrCo, Balderton Capital and Insight Partners, Aspect Ventures and Writer customers Accenture and Vanguard. Bringing Writer’s total raised to $126 million and valuing the company at between $500 million and $750 million post-money, the new tranche will fund the development of Writer’s “industry-specific” text-generating AI models, co-founder and CEO May Habib tells TechCrunch.
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