Generative AI startup Writer raises $200M at a $1.9B valuation [Yahoo! Finance]
Ally Financial Inc. (ALLY)
Last ally financial inc. earnings: 4/20 07:30 am
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Source: Yahoo! Finance
The round — a Series C — was co-led by Premji Invest, Radical Ventures, and ICONIQ Growth, with participation from Salesforce Ventures, Adobe Ventures, B Capital, Citi Ventures, IBM Ventures, and Workday Ventures. Writer CEO May Habib says the new cash, which brings Writer's total raised to $326 million, will be put toward product development and "cementing the company's leadership in the enterprise generative AI category." "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 a statement. "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 was founded in 2020 by Habib and Waseem AlShikh. The two previously launched Qordoba together, which helped companies localize products to new markets. Writer has grown over th
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