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Startupfunding

All articles tagged with #startupfunding

technology1 year ago

Writer AI Secures $200M, Hits $1.9B Valuation for Enterprise Expansion

Generative AI startup Writer has raised $200 million in a Series C funding round, valuing the company at $1.9 billion. The funding, co-led by Premji Invest, Radical Ventures, and ICONIQ Growth, will be used to enhance Writer's enterprise-focused AI platform. Writer, founded in 2020, has developed a full-stack generative AI platform with customizable products for various enterprise applications. The company has launched its own AI models, including Palmyra X 004, and focuses on AI agents and no-code development tools. Writer's client list includes major companies like Salesforce and Uber.

business-and-finance2 years ago

"Goldman Sachs Secures $650M for Inaugural Life Sciences Venture Fund"

Goldman Sachs has established its first life sciences fund, West Street Life Sciences I, with $650 million to invest in various biotech startups, including those focused on genetic medicine, cell and immunotherapies, synthetic biology, AI, diagnostics, and life science tools. This move comes despite a challenging environment for raising first-time funds in the biotech sector, which saw a significant drop in fundraising totals for new VC funds in the previous year.