AI startup “Writer” from San Francisco secures $100 Million in funding

AI startup "Writer," headquartered in San Francisco, has secured $100 million during its Series B investment phase, bringing its cumulative funding to $126 million. The firm, known for creating a generative AI tool for enterprise writing tasks, attracted investment from top-tier entities such as ICONIQ Growth, Insight Partners, WndrCo, Balderton Capital, Aspect Ventures, Accenture, and Vanguard. This round of funding catapulted Writer's market value to $500 million, a substantial leap from its 2021 valuation of $146 million.

Established in 2020 by the Lebanese-American entrepreneur May Habib, alongside CTO Waseem Alshikh, Writer offers businesses a solution to produce uniform and inclusive content, spanning social media updates, job ads, product information, and emails. This is realized using large language models (LLMs) – the bedrock of generative AI innovations. Importantly, Writer is committed to ensuring it doesn't leverage client data in its training processes, underlining its emphasis on security, data protection, and adherence to regulations.

In a noteworthy move earlier in 2023, Writer unveiled a complimentary tool designed to ascertain if textual content was crafted by AI systems, like OpenAI's ChatGPT. Although the tool's precision wasn't revealed then, Writer has established itself as a comprehensive generative AI suite for businesses, offering solutions in significantly less time than traditional methods.