Writer has secured $200 million in Series C funding, valuing the company at $1.9 billion. The new round will drive the expansion of its generative AI platform, Palmyra, which powers enterprise-level tools aimed at transforming how organisations operate.
Why it matters: Writer is betting big on making AI the "connective tissue" for enterprise workflows. The funding will support more advanced AI capabilities and build on its mission to automate complex processes across finance, healthcare, and other industries.
Driving the news: New and existing investors, including Premji Invest, Radical Ventures, and Salesforce Ventures, are backing Writer's ambition to lead in enterprise AI. The company plans to expand its team, enhance workflow tools, and improve AI's ability to reason through tasks autonomously.
- The Palmyra LLM (Large Language Model) is designed specifically for the enterprise, offering finance and healthcare-focused AI models that rank highly on benchmarks like HELM.
- Writer aims to boost its platform with end-to-end automation, better observability, and domain-specific models that can help streamline company workflows.
Between the lines: Writer isn't just focused on AI that answers questions; it's building agentic capabilities that allow AI to learn, reason, and adapt to new tasks—paving the way for more autonomous decision-making in business.
- From assisting bankers and clinicians to creating no-code AI apps, Writer's platform aims to be the essential infrastructure for enterprises looking to infuse intelligence into daily operations.
- The company also places emphasis on AI safety, offering a "control plane" with robust AI guardrails and custom rules to ensure safe, compliant use of its technology.
What's next: Writer's latest funding will go toward expanding its reach and developing new capabilities that integrate AI deeply into enterprise systems. Hundreds of roles are expected to open up, bringing in talent to enhance product features and industry expertise. The vision is not just about creating tools, but enabling end-to-end AI-driven workflows that adapt and evolve, freeing people to focus on creative, high-value tasks.