1 Billion USD growth financing for Grammarly

Grammarly – the AI assistant for communication and productivity – recently announced the closing of 1 billion USD in financing from General Catalyst. This investment is aimed at scaling sales, marketing and strategic acquisitions allowing Grammarly to grow its customer base and extend the reach of its AI platform.

Some stats about Grammarly:

1. More than 40 million users rely on Grammarly daily
2. Over 50.000 organizations offer Grammarly to their employees
3. The annual revenue was at 700 million USD
4. 500.000-plus applications and websites on proofreading, paraphrasing and tone suggestions

This financing will allow Grammarly to accelerate its transformation from a writing tool into a comprehensive AI productivity ecosystem that could reshape how millions of people work and communicate.

Have a look here: https://www.grammarly.com/blog/company/grammarly-announces-growth-financing/