AI Startup Writer Nabs A $1.9 Billion Valuation To Become A Super App For Enterprises
The company has raised $200 million to build the next iteration of AI models that can help employees get their work done faster.
AI Startup Writer Raises Funds at $1.9 Billion Valuation
Writer, a startup aiming to compete with the likes of OpenAI to sell artificial intelligence products to businesses, has raised a new round of financing that nearly quadruples its valuation to $1.9 billion.
Generative AI startup Writer raises $200M at a $1.9B valuation
Writer has raised $200 million at a $1.9 billion valuation to expand its generative AI platform. The round was co-led by Premji Invest, Radical Ventures, and ICONIQ Growth, with participation from investors including Salesforce Ventures,
Writer reels in $200M for its generative AI toolkit
San Francisco-based Writer develops a series of large language models geared towards the enterprise market. The company’s most advanced model, Palmyra X 004, debuted last month. The LLM significantly outperforms GPT-4o at tool use, meaning it more reliably performs tasks that require interacting with external applications such as databases.
Juniper Networks Invests in AI Startup Recogni in $102 Million Funding Round
Networking gear maker Juniper Networks has invested in artificial intelligence firm Recogni as part of a $102 million late-stage funding round, the companies said on Tuesday. Recogni said it will collaborate with Juniper Networks to build an AI inference system that can be installed in server racks.
AI Startup Writer Authors $200M Round At $1.9B Valuation
San Francisco-based Writer locked up a $200 million Series C that values the enterprise-focused generative AI platform at $1.9 billion.
Why AI won’t make you a better writer
Don’t let anything, least of all AI, cheat you out of what is creatively possible. Go forth and write your own story.
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