Serving as a popular auto-editing tool for writing, Grammarly has raised $200 million in a funding round led by Baillie Gifford and BlackRock at a $13 billion valuation. The company states that it will use the investment to further develop its product and expand its team.
Grammarly’s free service detects misspellings, grammatical errors, and redundant words. The paid version of the platform offers additional suggestions and detects plagiarism. The business and corporate layers help employees stay aligned with style guides and a common brand voice. According to the information shared, approximately 30 million people use Grammarly every day and the platform delivers more than 100 billion writing suggestions to its users each month.
“We believe this funding round is a great validation of our business strength,” Rahul Roy-Chowdhury, Grammarly’s global head of product, said in an interview. “We’ve been cash flow positive from the very early days. The round also validates the strength of our mission to improve lives through improving communication. This funding round comes in the context of product innovation and product scaling.”
Launched in 2009 by Dmytro Lider, Max Lytvyn and Alex Shevchenko, Grammarly works to empower users to communicate, creating a product that scales across multiple platforms and devices. Grammarly’s team is growing to support its expanding user base and continues to transform the writing assistant into a comprehensive communication partner.
Grammarly has offices in San Francisco, Kiev, New York and Vancouver. Today the company has more than 600 employees.
Grammarly, which also offers a mobile keyboard app, provides a desktop app that can integrate with Microsoft Office, Slack, Discord, Jira and more.
“Grammarly will also continue to advance our NLP and ML technology to deliver personalized communication feedback tailored to users around the world. As we delve further beyond syntax to semantics—with features like full-sentence rewrites, tone adjustments, and fluency feedback—we’ll deliver even higher-quality communication suggestions across more stages of the communication process.” the company said in a blog post.
Grammarly also plans to expand its reach through partnerships. In October, the company had announced a strategic partnership with Samsung Mobile to integrate its advanced writing assistance technology into the Samsung Keyboard natively, with no app installation required.