AI startup Writer raised $100 million in its Series B funding round as it targets the enterprise market for artificial intelligence.
AI startup Writer is looking to win in what's probably the most obvious place to make money in artificial intelligence right now: enterprise.funding round from ICONIQ Growth, WndrCo, Balderton Capital, Insight Partners, and Aspect Ventures. Vanguard and Accenture — both Writer customers — also participated in the round.
When the news of your Series B fundraising came out, headlines said that the startup is "taking on ChatGPT." What does Writer do? Absolutely. For example, the prompt library is separated out by the team at Uber that uses it, the task it's for, and the content type.I think that advantage and the moat that the collaboration layer provides are really critical to differentiate from the raw LLM companies. I would put Anthropic in the raw LLM category — excellent company. Open AI has got a bit more structure and user interface, but I think they're going to have a little bit of an identity crisis.
Big Tech will scorched-earth on this. It's the race to zero, and so the market that remains, I think, is the raw LLM access to frontier models. That's going to be OpenAI and Anthropic eating that up. Then it's going to be all the internal use cases that require last-mile data and access and integration, and I think that's going to be us.Ever since grade school, my extracurriculars were writing-related.
Lastly, on bias and toxicity, the models are getting so much better, and the bigger models are actually better at self-moderating, coupled with AI guardrails and protocols that really ensure that what's coming out doesn't violate a company's own set of values. Honestly, this was the easiest fundraise I ever had. ... It's actually quite hard to find use cases in production in generative AI, and folks who do due diligence found dozens of them in Writer. So we had four different offers in the span of three weeks.It was incredibly validating. I treat fundraising as a chance to really get the energy and the kind of wherewithal for this next leg of the journey to all of us as a team. ...
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