$100M Collection B for Generative AI Platform Author – HPC Information Evaluation
“Our basis fashions are finest in school; And “It is auditable, vettable and hostable — but it surely’s not simply concerning the fashions,” stated Mai Habib, CEO and co-founder of Author. “Any IT supervisor who has tried to construct an inner AI utility will inform you that the final mile of high quality is the toughest. We assist them obtain that, at scale, dozens and dozens of instances as they construct the AI functions and assistants that empower their complete group. And our prospects’ willingness to take a position The corporate is a real testomony to the worth we offer.
Not like different generative AI options, Author’s complete platform is designed to allow its prospects to seamlessly combine generative AI into their enterprise processes. The platform contains LLMs constructed by Author, a Data Graph for integration with enterprise information sources, and an utility layer of chat interfaces, pre-built templates, and composable UI choices. Author fashions obtain prime scores in main benchmarks reminiscent of Stanford HELM and may be self-hosted, permitting prospects to realize the safety advantages of constructing their very own mannequin whereas rapidly appreciating the advantages of a strong, end-to-end answer.
“The writer’s potential to use the facility of generative AI to many alternative departments inside a company – from advertising to product, HR and extra – has confirmed to be a game-changer for C-suite leaders,” stated Doug Pepper, Basic Associate at ICONIC GROWTH. “We imagine that the generative use of AI inside organizations is reaching an inflection level, and Author stands out to us as a frontrunner in offering an built-in, safe platform to ship on the unimaginable promise of AI.”
“Author is a robust platform for maximizing creativity and productiveness within the office,” stated Jeffrey Katzenberg, co-founder of WndrCo. “With Author’s generative AI capabilities, organizations can empower their groups to be highly effective storytellers in all features of their communications.” WndrCo’s Justin Wexler added, “We’ve got a powerful perception that the Author platform will proceed to resonate among the many Fortune 500 and past.”
“Author stands out as an organization within the extremely noisy AI world that has a transparent and confirmed enterprise mannequin, traction with main international enterprise shoppers and robust income progress. Might, Wassim and their staff are constructing one thing actually distinctive,” stated Rana Yared, Basic Associate at Balderton Capital. We’re excited to accomplice with them as Author grows in Europe.”
“The entire Author platform permits Vanguard to mix the experience, creativity and information of our groups with the newest advances in generative AI expertise, enhancing productiveness,” stated Nitin Tandon, Vanguard’s chief info officer.
Author’s income has elevated 10x up to now two years and generates greater than 150% of web income. As a confirmed answer that has been in the marketplace for a number of years, Author was well-positioned to assist organizations around the globe leverage AI when new instruments democratized entry to expertise.
In a examine of over 50 enterprise prospects, Author was discovered to realize a median of seven.5 hours of productiveness per worker per week. Author takes an built-in method that allows numerous use circumstances throughout all the group, not simply the essential templates or off-the-shelf app that creates content material.
Author introduced its $21 million Collection A spherical in 2021 and raised $5 million in seed funding in 2020.