On September 19, the generative AI platform Writer announced on its official website that it had received US$100 million in Series B financing (approximately 720 million yuan). This investment was led by ICONIQ Growth, with participation from existing investors Insight Partners, Balderton Capital, Aspect Ventures and others.
Writer provides similar functions to ChatGPT, which can automatically generate text, summarize summary, text error correction, etc. However, Writer mainly focuses on providing it in the enterprise field. Data security, operational transparency, interpretability and support for data fine-tuning are its main highlights. (No registration required, free trial address: https://ask.writer.com/)
Writer introduced that its revenue has increased 10 times in the past two years and achieved a net income of more than 150%. It has been trusted by well-known companies such as UiPath, Uber, Cisco, Figma, and Spotify.
Writer company introduction
Public information shows that Writer was founded in August 2020 and is headquartered in the San Francisco Bay Area, USA. In August 2020, it received US$5 million in seed round financing; in November 2021, it received US$21 million in Series A funding.
It is not difficult to see from its financing history that Writer is also one of the beneficiaries of the "generative AI trend" created by ChatGPT.
Initially, Writer only provided real-time text monitoring services to help users find typos, incorrect sentences, biases, etc. For example, it could find potential errors in a 1,000-word text, which could be directly embedded in Word or Chrome browsers.
After receiving Series A financing, Writer further enhanced its functionality to provide automatic text generation and context understanding, and at that time OpenAI's GPT-3 was its main imitation object.
Introduction to Writer technology
Writer provides full-stack AI services for enterprises, covering deployment, application and post-security protection. Writer developed its own large language model Palmyra, trained it on a commercially authorized data set with 1 trillion tokens, and fine-tuned it for fields such as healthcare, marketing, and law.
Palmyra has achieved high scores in well-known benchmarks such as Stanford HELM and PubMedQA, especially in the biomedical field. Its answer content accuracy is as high as 81.1%, which is higher than models such as GPT-4.
In order to help enterprises create their own "ChatGPT", Writer launched a knowledge graph that can be integrated with users' data and then fine-tuned in Palmyra.
Data security is an important cornerstone for enterprise applications of generative AI. Writer has built-in multiple security guardrails to prevent AI from outputting illegal, discriminatory, false and other content, and complies with SOC 2 Type II, GDPR, HIPAA and PCI data security standards.
Writer
At the same time, Writer has interpretability and transparent operations, and enterprise users can fully control the code, data and model weights currently being used.
In terms of product functions, Writer provides functions such as automatically generating content through text Q&A, summarizing long article summaries, and text error correction. It also provides personalized functions such as customized UI templates, web content/PDF content analysis, plug-ins, desktop applications, and API calls.
Writer is suitable for all mainstream business scenarios such as medical care, marketing, marketing, IT, design, human resources, and finance.
Writer case display
"AIGC Open Community" tried out Writer's functions for free. The generated content is smooth and smooth, responds quickly, and supports multiple rounds of in-depth conversations. The overall usage and effect are similar to ChatGPT.
It is worth mentioning that Writer supports Chinese and has excellent grammar, but there will be some minor errors, which may be related to insufficient training data.
For example, can you introduce the most famous poet in Chinese history?
Let’s introduce Li Bai in depth.
Writer can also directly summarize the content through the URL. For example, we let Writer input the financing content released this time into Writer and let it summarize three important contents.
Writer's answer:
1. Writer raised US$100 million in Series B financing, funded by ICONIQ Growth, Insight Partners, WndrCo, Balderton Capital and Aspect Ventures.
2. The Writer platform consists of three key components: Palmyra large language model, knowledge graph and Al safety guardrail.
3. Writer discovered three types of enterprise use cases through in-depth cooperation with enterprise customers: creation, analysis and management.
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