Grammarly Bags $1B to Power AI Productivity Surge
• Backed by General Catalyst, marking a major late-stage funding milestone in AI.
• Grammarly aims to scale go-to-market, acquisitions, and broaden its AI offerings post-Coda acquisition.
• Now active across 500,000+ apps and websites, with 40M+ daily users and $700M+ annual revenue.
Grammarly, which is headed by India-origin CEO Shishir Mehrotra, raised $1 billion in non-dilutive capital from existing investor General Catalyst, one of the biggest late-stage investments in the AI productivity sector this year.
The capital, provided by General Catalyst's Customer Value Fund, will go toward growing Grammarly's sales, marketing, and strategic acquisitions. It comes after the company recently acquired Coda, a collaborative platform that has broadened Grammarly's mission from being a writing assistant to a full-fledged AI-powered productivity suite.
With 40 million+ daily users and $700 million in yearly revenue, Grammarly is now evolving as a horizontal AI platform that can improve communication and productivity on over 500,000 apps and websites.
CEO Mehrotra described the Coda integration as having expanded > Grammarly's purpose beyond language support
General Catalyst's leadership reaffirmed their long-term vision for Grammarly's enterprise mission, referring to the transaction as an important "strategic enabler" in defining the future of AI-based workplace productivity.
• Grammarly aims to scale go-to-market, acquisitions, and broaden its AI offerings post-Coda acquisition.
• Now active across 500,000+ apps and websites, with 40M+ daily users and $700M+ annual revenue.
Grammarly, which is headed by India-origin CEO Shishir Mehrotra, raised $1 billion in non-dilutive capital from existing investor General Catalyst, one of the biggest late-stage investments in the AI productivity sector this year.
The capital, provided by General Catalyst's Customer Value Fund, will go toward growing Grammarly's sales, marketing, and strategic acquisitions. It comes after the company recently acquired Coda, a collaborative platform that has broadened Grammarly's mission from being a writing assistant to a full-fledged AI-powered productivity suite.
With 40 million+ daily users and $700 million in yearly revenue, Grammarly is now evolving as a horizontal AI platform that can improve communication and productivity on over 500,000 apps and websites.
CEO Mehrotra described the Coda integration as having expanded > Grammarly's purpose beyond language support
General Catalyst's leadership reaffirmed their long-term vision for Grammarly's enterprise mission, referring to the transaction as an important "strategic enabler" in defining the future of AI-based workplace productivity.
