Grammarly

Grammarly - online service for grammar testing. He uses artificial intelligence to help write texts on. English The startup was founded in 2008 the Ukrainian by programmers, Alexey Shevchenko Maxim Litvin and Dmitry Leader. The company's offices Kiev New York San Francisco Vancouver are open in,, and (as of October 2019).

History

2024: Buying Coda's collaboration platform

On December 17, 2024, text assistance service Grammarly announced the acquisition of Coda, a startup developing a collaboration platform. The amount of the transaction as of the specified date has not been disclosed. Read more here.

2021: Raising $200 million, estimated at $13 billion

In mid-November 2021, the popular tool for automatic editing of written texts Grammarly raised funding in the amount of $200 million at an estimate startup of $13 billion. New investors included Baillie Gifford and. BlackRock The company plans to use the attracted investments to accelerate the introduction of innovative products and the growth of the team as a whole.

Grammarly, which has Ukrainian roots, plans to use the funding received to continue investments in artificial intelligence (AI) technology. The company will also continue to improve natural language processing and machine learning technologies to provide personalized feedback to its users within the system. Grammarly plans to add new categories where improvements or additions can be offered, as well as work to become more recognisable.

Grammarly service raised $200 million at a valuation of $13 billion

We believe that this round of funding is an excellent confirmation of the strength of our business and from the very beginning of our operations we received positive cash flow. This round also reaffirms the strength of our mission to improve life through improved communication. There are so many changes to the way work is done right now, where remote global teams try to work together. We see a huge opportunity to help people in these changing scenarios communicate more effectively. This new funding will help us accelerate our efforts in this direction, "said Rahul Roy-Chowdhury, Head of Global Products at Grammarly.

The company announced the launch of Grammarly for developers by releasing a text editor software development kit (SDK) that allows programmers to embed Grammarly text editing features into any web application. The beta release of this SDK gives developers access to the full power of automatic editing with a couple of lines of code. Grammarly operates in more than 500,000 applications and websites, including email clients, enterprise software (software ). According to company representatives, as more people communicate on more and more online platforms, it is important to properly organize communication to achieve personal and business goals, and this is where the service seeks to help its users.

Grammarly runs on a free minimum model, where paid levels give users more tools than grammar and spelling checks, including things like word selection, rewriting sentences, adjustment, formality level and plagiarism detection. The cost of paid levels is $12, $20 and $30 per month.^[1]

2019: Raising $90 million in investments and valuing the company at $1 billion

October 10, 2019 it became known about the attraction of Grammarly $90 million investments. As a result of the financing deal, the company was valued at more than $1 billion, writes TechCrunch, citing its CEO Brad Hoover.

The main investor in this round was General Catalyst. The total amount of funds received by Grammarly for the entire time reached approximately $200 million.

Grammarly is an online grammar checking service

The startup intends to use the new investment in order to continue to expand the coverage of its product and make it available wherever written communication in English can take place.

In addition, the company will continue to work on more complex aspects of language and communication, in particular the development of the recently launched tone detector - in order to provide users with practical recommendations regarding its adaptation.

By October 2019, the startup is working to create an English-language assistant for professional and personal communications.

Grammarly co-founder Dmitry Leader noted that in two years by October 2019, the number of employees of the company more than doubled. As part of the expansion, the startup is building a new office in Kyiv.

Speaking to TechCrunch, Brad Hoover noted that Grammarly is not worried about the increasing competition in the market in which the company operates. There are two reasons for this: the service does not depend on a certain platform and works with any text that it dials to use, he stressed.^[2]

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