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Writer, The Full-Stack Generative Ai Platform, Announces $100 Million Series B To Help Deliver Generative Ai To The Enterprise

Sep 18, 2023over 2 years ago

Amount Raised

$100 Million

Round Type

series b

San FranciscoArtificial IntelligenceSoftwareEducation

Investors

VanguardAccentureAspect VenturesInsight PartnersBalderton CapitalWndr CoIconiq Growth

Description

Writer, the leading full-stack generative AI platform for enterprises, announced its Series B funding round of $100 million today. The round is being led by ICONIQ Growth with participation from WndrCo, Balderton Capital and Insight Partners, who led the Series A, and Aspect Ventures, who led the Seed. In addition, this round includes participation from several Writer customers such as Accenture and Vanguard. With this financing, ICONIQ Growth’s Doug Pepper has joined the board.

Company Information

Company

Writer

Location

San Francisco, California, United States

About

WRITER is where the world’s leading enterprises orchestrate AI-powered work. With WRITER’s end-to-end platform, teams can build, activate, and supervise AI agents that are grounded in their company’s data and fueled by WRITER’s enterprise-grade LLMs. From faster product launches to deeper financial research to better clinical trials, companies are quickly transforming their most important business processes for the AI era in partnership with WRITER. Founded in 2020, WRITER delivers unmatched ROI for hundreds of customers like Accenture, Intuit, Marriott, Uber, and Vanguard and is backed by investors including Premji Invest, Radical Ventures, ICONIQ Growth, Insight Partners, Balderton, B Capital, Salesforce Ventures, Adobe Ventures, Citi Ventures, IBM Ventures, WndrCo, and others.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech