Writer Revenue, Valuation, Funding & Investors

Writer is valued at $1.9B as of November 2024, a 40.4x multiple on its last reported $47M revenue.

Last Writer valuation

$1.9B

Series C · Nov 2024

Last Writer funding round

$200M

Series C · Nov 2024

Writer revenue

$47M

Series C · Nov 2024

Key investors in Writer

  • Insight Partners
  • ICONIQ Capital
  • Aspect Ventures
  • Accenture
  • Balderton Capital
  • Upfront Ventures

Writer Overview

About Writer

Writer is a San Francisco-headquartered full-stack AI platform for enterprise content generation. It deploys large language models with retrieval-augmented generation and guardrails for marketing copy, HR policies, product descriptions, and customer support scripts across departments.


Founded

2020

HQ

United StatesSan Francisco, CA

Website

writer.com

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$47M (Nov 2024)

Valuation

$1.9B (Nov 2024)

Writer Valuation

Writer is currently valued at $1.9B, based on its Series C in November 2024.

The $200M round was led by ICONIQ Capital, Premji Invest and Radical Ventures.

Writer's valuation has grown 3.8x from $500M at its Series B in September 2023 to $1.9B in November 2024, across 2 priced rounds.

Writer valuation by funding round

Revenue multiple
Writer valuation by funding round
DateStageValuationRevenue Multiple
Nov 2024Series C$1.9B40.4x
Sep 2023Series B$500M10.6x

Writer Revenue

Writer's latest recorded revenue is $47M, as of its Series C in November 2024. At a $1.9B valuation, that implies a 40.4x revenue multiple.

Revenue moved from $47M in September 2023 to $47M in November 2024, while the revenue multiple moved from 10.6x to 40.4x.

Writer revenue by funding round

Writer revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Nov 2024$47M$1.9B40.4xSeries C
Sep 2023$47M$500M10.6xSeries B

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Writer Funding History

Writer has raised a total of $326M across 4 funding rounds.

Writer's first fundraising round was a $5M seed round in August 2020. The most recent completed round was a $200M Series C in November 2024.

Writer funding rounds

Writer funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2024Series CICONIQ Capital (lead); Premji Invest (lead); Radical Ventures (lead)$200M$1.9BWriter is a San Francisco-based full-stack generative AI platform for enterprises, offering proprietary large language models like Palmyra, retrieval-augmented generation, customizable AI guardrails, and no-code tools to deploy AI applications for complex workflows in sectors like healthcare, retail, and financial services. The platform enables AI agents that plan and execute tasks across systems and teams, serving Fortune 500 clients including Accenture, Uber, Intuit, L’Oreal, Mars, Ally Bank, Qualcomm, Salesforce, Prudential, and Vanguard, with reported average 9x ROI and millions of hours saved in productivity. On November 12, 2024, Writer raised $200 million in a Series C funding round at a $1.9 billion post-money valuation, up from $500 million after a prior $100 million round led by ICONIQ Growth. The round was co-led by Premji Invest, Radical Ventures, and ICONIQ Growth, with participation from Salesforce Ventures, Adobe Ventures, B Capital, Citi Ventures, IBM Ventures, Workday Ventures, and existing investors like Accenture, Balderton Capital, Insight Partners, and Vanguard. Sandesh Patnam from Premji Invest and Rob Toews from Radical Ventures joined the board. The funding brings Writer's total raised to $326 million and will support development of next-generation autonomous AI solutions, quick-start AI applications, and expansion in enterprise generative AI, positioning it against intense competition. Customers have embraced the platform for mission-critical work, with recent releases like Palmyra X 004 achieving state-of-the-art performance in tool calling. Analyst recognition as a leader in generative AI engineering and knowledge management underscores its traction.
Sep 2023Series BICONIQ Capital (lead); Accenture; Balderton Capital; WndrCo; Aspect Ventures; Vanguard Group; Gradient; Insight Partners$100M$500MWriter is a San Francisco-based full-stack generative AI platform for enterprises, enabling businesses to deploy AI applications across departments like marketing, product, HR, and more. It offers proprietary large language models trained on non-copyrighted business writing, retrieval-augmented generation, customizable AI guardrails, and integration with business data sources for research, fact-checking, and compliance with regulatory, legal, and brand rules. Customers include Accenture, Intuit, United Healthcare, UiPath, Spotify, L’Oreal, Uber, and Vanguard. On September 18, 2023, Writer announced a $100 million Series B funding round led by ICONIQ Growth, with participation from WndrCo, Balderton Capital, Insight Partners (Series A lead), Aspect Ventures (Seed lead), and customers Accenture and Vanguard. This brought total funding to $126 million, following a $21 million Series A in 2021 and $5 million Seed in 2020. ICONIQ Growth's Doug Pepper joined the board. The funds were earmarked for developing industry-specific text-generating AI models and enhancing platform capabilities, including multimodal functions. Writer emphasized its smaller, cost-effective, transparent, and auditable models, never trained on customer data. Writer positions itself against competitors by providing a secure, full-stack solution for enterprise generative AI, focusing on the 'last mile' of quality in AI applications. This round preceded a November 2024 Series C of $200 million at $1.9 billion valuation, co-led by Premji Invest, Radical Ventures, and ICONIQ Growth, quadrupling the September 2023 valuation and achieving unicorn status.
Nov 2021Series AInsight Partners (lead)$21M-Writer is an AI writing assistant platform designed for enterprise users to help companies write faster and better using AI technology. The company secured $21 million in Series A funding on November 15, 2021, led by Insight Partners, with participation from Gradient Ventures, the Todd & Rahul Angel Fund, and angels including Scott Belsky, Jack Altman, and others. This followed a $5 million seed round in August 2020. The new capital was allocated to product development, engineering, and go-to-market hiring. By late 2021, Writer had added 150 customers including Twitter, Intuit, UiPath, InVision, Bill.com, Vistaprint, Handshake, Deloitte, and UnitedHealthcare. The company reported more than tripling its ARR over the prior 12 months and strong revenue retention and expansion, as noted by Insight Partners' Ryan Hinkle, who joined the board. Writer has since raised additional rounds, including a $100 million Series B in September 2023 at a $500 million valuation led by ICONIQ Growth, and a $200 million Series C in November 2024 at $1.9 billion valuation co-led by ICONIQ Growth, Premji Invest, and Radical Ventures, with Insight Partners continuing as an investor. These later rounds highlight Writer's growth in enterprise generative AI, serving clients like Salesforce, Uber, Accenture, and Intuit with AI agents and workflows. Total funding exceeds $326 million as of 2024.
Aug 2020SeedUpfront Ventures (lead); ValueStream Ventures; Aspect Ventures; Broadway Angels$5M--

Who has invested in Writer?

13 investors have backed Writer across its funding rounds, including Insight Partners, ICONIQ Capital, Aspect Ventures, Accenture, Balderton Capital and Upfront Ventures.

Lead investors include ICONIQ Capital, Premji Invest, Radical Ventures, Insight Partners and Upfront Ventures.


Writer Investors

Investors in Writer by funding rounds participated
InvestorHQRoundsRoleFirst check
ICONIQ CapitalUnited StatesSan Francisco, CA2LeadSep 2023
Aspect VenturesUnited StatesSan Francisco, CA2ParticipantAug 2020
Insight PartnersUnited StatesNew York City, NY2LeadNov 2021
AccentureUnited StatesDublin1ParticipantSep 2023
Balderton CapitalUnited KingdomLondon1ParticipantSep 2023
WndrCoUnited StatesLos Angeles, CA1ParticipantSep 2023
ValueStream VenturesUnited StatesNew York City, NY1ParticipantAug 2020
Premji InvestIndiaBangalore1LeadNov 2024
Radical VenturesCanadaToronto1LeadNov 2024
Vanguard GroupUnited StatesKelayres, PA1ParticipantSep 2023
GradientUnited StatesSan Francisco, CA1ParticipantSep 2023

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Writer Competitors

Writer competitors include listed companies like C3.ai and Wenge AI, and private ones like Preferred Networks, Lin Junyang AI Lab, Advance Intelligence Group and AIsphere.

Public and private companies comparable to Writer
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Preferred NetworksJapanTokyoPrivate--$1.9B-
Lin Junyang AI LabChinaChinaPrivate--$2B-
Advance Intelligence GroupSingaporeSingaporePrivate--$2B-
AIsphereChinaBeijingPrivate$40M-$2B50.0x
C3.aiUnited StatesUnited StatesPublicly listed$250M($484M)$1.7B4.5x
Wenge AIChinaChinaPublicly listed$60M($20M)$1.7B-

Writer Public Comps

Writer is still privately-owned, but its public comps include C3.ai, Wenge AI, TRS Information Technology, Haizhi, Ncino, Affle 3i, PCITECH, Fractal Analytics, Appier Group and Rackspace.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
C3.ai$250M($484M)4.3x4.5x(2.2x)(6.2x)
Wenge AI$60M($20M)27.6x-(82.7x)-
TRS Information Technology$76M($20M)19.3x19.7x(73.5x)478.8x
Haizhi$93M($30M)21.5x16.3x(67.1x)(440.4x)
Ncino$595M$65M4.3x4.0x39.0x15.8x
Affle 3i$282M$67M7.4x6.7x31.3x29.5x
PCITECH$1.5B$53M0.8x0.9x24.1x-
Fractal Analytics$344M$50M3.7x3.4x25.8x21.0x

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Common questions about Writer

When was Writer founded?Writer was founded in 2020.
Where is Writer headquartered?Writer is headquartered in San Francisco, CA, United States.
Is Writer publicly listed?No, Writer is a private, VC-backed company.
What is Writer's valuation?Writer was last valued at $1.9B in its Series C in November 2024.
How much funding has Writer raised?Writer has raised $326M across 4 funding rounds.
What was Writer's last funding round?Writer's last funding round was a $200M Series C in November 2024, led by ICONIQ Capital, Premji Invest and Radical Ventures.
Who are Writer's investors?Writer's investors include ICONIQ Capital, Aspect Ventures, Insight Partners, Accenture, Balderton Capital, WndrCo, ValueStream Ventures, Premji Invest, Radical Ventures, Vanguard Group and 3 others.
What is Writer's revenue?Writer's latest recorded revenue is $47M (November 2024).
What is Writer's revenue multiple?Writer's latest valuation implies a 40.4x revenue multiple ($1.9B valuation on $47M of revenue).
Which companies are comparable to Writer?Companies comparable to Writer include Preferred Networks, Lin Junyang AI Lab, Advance Intelligence Group, AIsphere, C3.ai and Wenge AI.

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