Grammarly Raises $90M in Financing

grammarlyGrammarly, a San Francisco, CA-based provider of an AI-powered digital writing assistant, received $90m in funding.

The round was led by returning investor General Catalyst with participation from IVPā€”and new investors.

The company intends to use the funds to continue to advance its technology to build a full-fledged communication assistant for individuals and businesses.

Founded in 2009 and led by Brad Hoover, CEO, Grammarly procides a digital writing assistant for more than 20 million people to write clearly and effectively every day, providing feedback on correctness, clarity, engagement, and delivery.
The company works via a web editor, native desktop apps, browser extensions, mobile keyboards, and a Microsoft Office add-in.
Teams at more than 2,000 institutions and businesses, like Trulia, already use it for their organizational needs.

Grammarly, which also has offices in Kyiv, New York, and Vancouver, will continue expanding its product reach, and tackling more complex issues of language and communication, including enhancing its recently released tone detector to provide users with actionable recommendations.

FinSMEs

10/10/2019

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