insight detail
Firm Advises Radical Ventures as Co-Lead Investor on Writer’s $200M Growth Round
- 11/13/24
- Client Highlights
- Artificial Intelligence and Machine Learning
On November 12, 2024, Writer, Inc., the full-stack generative AI platform for the enterprise, announced $200 million in Series C venture funding at a $1.9 billion valuation. The round was co-led by Premji Invest, Radical Ventures, and existing investor ICONIQ Growth, with participation from investors including Salesforce Ventures, Adobe Ventures, B Capital, Citi Ventures, IBM Ventures, and Workday Ventures. Existing investors Accenture, Balderton, Insight Partners, and Vanguard also supported the round. The new capital will help cement the company’s leadership in the enterprise generative AI category and fuel its development of enterprise-grade agentic AI. Wilson Sonsini Goodrich & Rosati advised Radical Ventures on the transaction.
Building on its four-year track record of innovation in large language models (LLMs) and enterprise-grade generative AI architecture, Writer will use the new capital to accelerate its development of AI solutions that can plan and execute complex enterprise workflows across systems and teams. The funding will also support a rapid expansion of quick-start AI applications and agents for the most time-intensive workflows in healthcare, retail, and financial services.
The Wilson Sonsini team that advised Radical Ventures on the Series C financing included Becki DeGraw, Adam Shevell, Travis Scheft, William Wiener, Regina McLeod, and Isabel Annino.
For more information, please see Writer’s news release. Additional coverage is available on TechCrunch.