Grammarly Raises $90M in funding, Valuation Soars over $1 billion
SAN FRANCISCO, Oct. 10, 2019-- Grammarly, the AI-powered digital writing assistant used by more than 20 million people daily raises $90 million in its latest round of funding.
Existing investors General Catalyst, IVP led the round with participation from new investors.
With this investment, Grammarly will continue to advance its cutting-edge technology to build a full-fledged communication assistant for individuals and businesses.
"Communication is a fundamental human need that helps us all connect and thrive," said Brad Hoover, Grammarly CEO. "But effective communication requires talent and time, and it can be very challenging. Grammarly's AI fills this gap by empowering people worldwide both native and non-native English writers, for personal, professional, and academic reason...