Grammarly Raises Over $200M; Reaches $13 Billion Valuation
- Grammarly, a San Francisco, CA-based company powering effective communication for over 30,000 teams and 30 million people daily, raised over $200m in funding at a $13 Billion valuation
- Backers included from new investors Baillie Gifford and funds and accounts managed by BlackRock, among others
- The company intends to use the funds to accelerate product innovation and team growth
- Grammarly uses a combination of technological approaches and human expertise, to improve lives by improving communication
- Its AI-powered suggestions provide feedback on the correctness, clarity, engagement, and delivery of writing, wherever it’s happening
- The company will also continue to advance its NLP and ML technology to deliver personalized communication feedback to users around the globe
