Grammarly, a San Francisco, CA-based provider of an AI-powered communication assistant, raised $110m in growth equity funding.
The round was led by General Catalyst with participation from Breyer Capital, IVP, SignalFire, and Spark Capital.
The company intends to use the funds to accelerate growth, team building, and business development.
Co-founded in 2009 and led by Brad Hoover, CEO, Grammarly provides an Artificial Intelligence powered communication assistant for users to clear both their personal and professional messages, documents, and social media posts. Applications include several cases such email, social media, job application communication and an increase in productivity and efficiency for professionals in a wide range of fields, including marketing, sales, engineering, customer support, and education.
Since launching its freemium product in January 2015, the company has grown to over 6.9 million daily active users. Grammarly is available in a variety of writing interfaces, including browser and desktop integrations.
Headquartered in San Francisco, Grammarly is profitable with over 6.9 million daily active users and 100 team members in SF, New York, and Kyiv.