AI Startup Writer Raises $200 Million, Reaches $1.9 Billion Valuation

The generative AI startup Writer recently raised $200 million to expand its platform, reaching a $1.9 billion valuation.

According to Forbes, the round C series was led by Radical Ventures—an AI-focused firm—, private equity firm Premji Invest, and Iconiq Capital.

Writer, founded in 2020 by Waseem AlShikh and May Habib, started as a content creation company specializing in blogs, descriptions, and summaries, and evolved to include services like developing generative AI applications and workflows, analyzing documents for compliance, and optimizing processes to reduce costs.

“What we say now is that if you can write it, if you can describe it, you can build it,” said CEO and co-founder May Habib to Forbes. She embraces her company’s evolution and expects to reach $50 million in annual revenue by the end of this year.

According to TechCrunch, in 2023, the full-stack AI platform company built its own large language models (LLM) Palmyra, for text generation which can understand their client’s lingo with its architectural approach.

“At Writer, we’re not just creating AI models that can execute tasks, but developing advanced AI systems that deliver mission-critical enterprise work,” said Habib in the press release. “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 has been working with large global businesses, including companies like Uber, Salesforce, Qualcomm, and N26 among its clients.

The startup is competing in the AI agent market, along with other startups like 11x.ai—which recently raised $50 million in a series B funding— and companies like Slack, and Microsoft.