Rashi Shrivastava is a reporter covering technology with a focus in artificial intelligence. She writes a weekly Forbes newsletter on all things AI called The Prompt. She joined Forbes in January 2022 and is based in Upstate New York.
The company has raised $200 million to build the next iteration of AI models that can help employees get their work done faster. Writer CEO and cofounder May Habib and CTO and cofounder Waseem Alshikh have raised $200 million in a new funding round.nterprise AI startup Writer has outgrown its name.
Writer is a full-stack AI platform built on top of its family of proprietary large language models called Palmyra, which the company claims are able to provide more accurate responses thanks to a different Each customer gets its own private version of the Palmyra models, helping to mitigate any concerns about proprietary data, and then Writer’s team builds customized applications on top. For instance, Uber’s version of Writer generates responses to the most common customer support questions and helps its 40,000 human support agents. Qualcomm’s legal teams use it to manage hundreds of trademarks and find trends in the market.
A group of well-funded AI titans like OpenAI, Anthropic and Cohere are also in the race to sell their technology to enterprises, with their eyes on building AI agents. To compete, Writer has been training and releasing new and more capable models, while trimming down its own costs. In July, Writer launched Palmyra-Fin and Palmyra-Med, which cater to financial and medical use cases. The company said they are more accurate and cheaper to use than other existing models like GPT-4 and Claude 3.5.
AI Enterprise Radical Ventures Rob Toews May Habib Generative AI Agents Palmyra Iconiq Capital
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