Grammarly, a prominent auto-editing AI tool for writing headquartered in the United States, has raised $200 million in funding at a valuation of $13 billion. Grammarly’s AI-powered technology is significantly enhancing people’s lives by allowing them to enhance communication.
This round of fundraising is being done in the context of product innovation and scaling. Grammarly intends to use the funds to continue investing in its artificial intelligence technology. To provide individualized communication feedback to its users, the company will continue to enhance its natural language processing and machine learning technology.
Grammarly is now integrated into over 500,000 apps and websites, including email clients, workplace software, and word editors. According to the company, as more people communicate across more online platforms, it’s critical to get communication right to reach personal and business goals, which it intends to help its users achieve.
News Source: TechCrunch
Image Credit: Grammarly