Grammarly Raises over $200 Million at $13 Billion Valuation for IT Industry

Grammarly is a startup that creates AI software to help people improve their writing. The product corrects grammar and spelling mistakes, gives tips based on the tone of language and context. It is available on different platforms and devices.

The latest round was led by Baillie Gifford and BlackRock Inc. The fundings are going to be used for innovations, team growth, and investments in AI technologies. Besides, Grammarly works on delivering personalized communication feedback for its users.

Grammarly, San-Francisco, was founded in 2009 by Alex Shevchenko, Dmytro Lider, Max Lytvyn. Among Grammarly products are Grammarly Business – with a purpose to help businesses in sales and marketing, a service for plagiarism detection. Moreover, a recently established partnership with Samsung will allow its users to have Grammarly tools installed on the keyboard. Grammarly also has applications for Mac and Windows. In 2015, the company launched a freemium business model that led to an increase in the number of loyal users, as well as enterprises, Zoom, Cisco, Dell, etc.

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