Grammarly Raises Over $200M; Reaches $13 Billion Valuation
Summary
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. 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.
Funding
Amount
$200.0M
Total raised
Date
November 17, 2021
Announcement date
Investors
Grammarly
Lead investors
Company
http://www.grammarly.com
Funded company
Classifications
industries
No industries detected
applications
Search and Information retrieval
AskAI Classifications
Labels
SaaS
Productivity Software
AI Writing Assistant
Linked Companies
Grammarly
$100M to $250M