Grammarly Raises $1 Billion in Growth Financing

Grammarly secures $1 billion in funding amid shift towards AI

AI writing assistant Grammarly announced on May 30 that it has obtained $1 billion in funding from General Catalyst’s Customer Value Fund (CVF). The company stated it would make use of the funds for product innovation, scaling its sales and marketing, and making strategic acquisitions. Grammarly also revealed that it had plans to expand its AI offerings and develop a “comprehensive productivity platform,” according to a Reuters report. “Grammarl…

Grammarly Raises $1 Billion in Growth Financing

Grammarly, a San Francisco, CA-based provider of an AI assistant for communication and productivity, raised $1 billion in financing from General Catalyst. The company will use the investment proceeds from General Catalyst’s Customer Value Fund (CVF) to further accelerate its growth through investments across product innovation, sales and marketing, and strategic acquisitions. The new capital enables Grammarly to […] The post Grammarly Raises $1 …