AI Startup Writer Secures $100 Million in Funding for Enterprise-Focused Generative AI Platform

Writer, a generative AI startup focused on enterprise applications, has raised $100 million in a Series B funding round led by ICONIQ Growth. The funding will be used to develop industry-specific text-generating AI models. Writer's platform allows businesses to generate documents ranging from ads to blog posts and websites. What sets Writer apart is that its models are trained on non-copyrighted business writing, making them more cost-effective and transparent. The company has attracted "hundreds" of customers, including Intuit, United Healthcare, and Spotify, and claims to have grown revenues by 10x in the last two years.