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Grammarly’s long-term and ambitious approach also aligns with our approach to investing.” What attracted us is the company’s vision and the team’s ability to drive the product forward to help more people in more situations communicate better. “Grammarly is one of the few businesses in the world focused on solving this problem. “As the world has digitized, people communicate more than they ever have - yet it has never been so difficult,” said Peter Singlehurst, head of private companies at Baillie Gifford, in a statement. The company says as more people are connecting across more online platforms, it’s important to get communication right in order to achieve individual and business goals, which is what it aims to help its users accomplish.
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Today, Grammarly works across more than 500,000 applications and websites including email clients, enterprise software and word processors. This round was led by General Catalyst, which had also helped lead its only other round, for $110 million in May 2017, with participation from previous investor IVP and other unnamed backers. The company’s latest funding round follows Grammarly’s previous one in October 2019, when it raised $90 million at a valuation of over $1 billion. Although users of the target application don’t need to be Grammarly customers, if they do happen to be, they can log into their Grammarly accounts and access all of the functionality that comes with that.
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The beta release of this SDK gives developers access to the full power of Grammarly automated editing with a couple of lines of code. Grammarly also recently announced the launch of Grammarly for Developers with the rollout of its Text Editor SDK (software development kit), which enables programmers to embed Grammarly text editing functionality into any web application. With this, we are present everywhere you communicate and can help you achieve your outcomes more effectively,” Roy-Chowdhury stated.
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“With Grammarly for Mac and Windows, we can now tie everything together and help you with the entirety of your communication flow. Roy-Chowdhury says the new desktop app aims to be users’ go-to writing tool wherever they type, as the service is now able to break out of technical barriers associated with browser extensions. The new desktop application can be used on apps such as Microsoft Office, Slack, Discord, Jira and more.
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Grammarly is already scaling its product offerings and achieving its goal toward ubiquity with the launch of Grammarly for Mac and Windows earlier this week. The company plans to add new categories in which to offer suggested improvements, while also working to become more ubiquitous. This new funding is only going to help us accelerate our efforts to do that,” he said.Īs for the company’s vision for the future of the service, Roy-Chowdhury noted that Grammarly will move past simply focusing on conciseness, consistency and correctness. We see a huge opportunity to help people with these changing scenarios communicate more effectively. There’s so much change in how work gets done with remote-first global teams trying to work together. “Looking ahead, I see so much potential because, at the end of the day, it always comes back to our mission of improving communication. Roy-Chowdhury also noted that Grammarly plans to make additional investments to earn and strengthen user trust. The company will also continue to advance its natural language processing and machine learning tech to deliver personalized communication feedback to its users. Roy-Chowdhury says Grammarly plans to use the funding to continue making investments in its AI technology. This funding round comes in the context of product innovation and product scaling.” The round also validates the strength of our mission to improve lives through improving communication. “We’ve been cash flow positive from the very early days. “We believe this funding round is a great validation of our business strength,” Rahul Roy-Chowdhury, Grammarly’s global head of product, told TechCrunch in an interview. The company plans to use the investment to accelerate product innovation and team growth. Grammarly, the popular auto-editing tool for writing, has raised $200 million in funding at a $13 billion valuation from new investors including Baillie Gifford and funds and accounts managed by BlackRock, among others.
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