Writer, a full-stack generative AI platform for the enterprise, announced $200 million in Series C venture funding at a $1.9 billion valuation. The funding 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 supported the funding round.
Sandesh Patnam (Managing Partner at Premji Invest) and Rob Toews (Partner at Radical Ventures) will join Writer’s board of directors. The new funding round will help cement the company’s leadership in the enterprise-generative AI category and fuel Writer’s development of enterprise-grade agentic AI.
With a four-year track record of innovation in large language models (LLMs) and enterprise-grade generative AI architecture, Writer will use the new funding round to accelerate its development of AI solutions to plan and execute complex enterprise workflows across systems and teams. And the funding round will also support a rapid expansion of quick-start AI applications and agents for the most time-intensive workflows in healthcare, retail, and financial services.
Writer has seen rapid growth as demand for fully integrated AI platforms has intensified. 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, along with long-standing customers like Vanguard, Accenture, L’Oreal, and Intuit. The company’s customers have saved millions of hours in productivity and see an average 9x return on investment.
Writer’s platform includes its top-benchmarked family of Palmyra LLMs along with state-of-the-art graph-based RAG, customizable AI guardrails, and a suite of no-code and codeful development tools. And earlier this fall, Writer released its newest frontier model Palmyra X 004, achieving state-of-the-art accuracy and reliability in tool calling – which is a critical skill for executing complex actions and workflows.
KEY QUOTES:
“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.”
– 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.”
– 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.”
– Rob Toews, Partner with Radical Ventures
“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.”
– Doug Pepper, General Partner at ICONIQ Growth
“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.”
– Patrick Stokes, EVP, Product & Industries Marketing at Salesforce
“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.”
– Arvind Purushotham, Head of Citi Ventures
