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Grammarly: Raises Over $200M; Reaches $13 Billion Valuation | Fintech InShorts: Latest fintech news, analysis by experts

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Grammarly: Raises Over $200M; Reaches $13 Billion Valuation

By Steve Sam

November 22, 2021

Grammarly Raises Over $200M; Reaches $13 Billion Valuation

Grammarly, a San Francisco, CA-based company powering effective communication for over 30,000 teams and 30 million people daily, raised over $200m in funding at a $13 Billion valuation
Backers included from new investors Baillie Gifford and funds and accounts managed by BlackRock, among others
The company intends to use the funds to accelerate product innovation and team growth
Grammarly uses a combination of technological approaches and human expertise, to improve lives by improving communication
Its AI-powered suggestions provide feedback on the correctness, clarity, engagement, and delivery of writing, wherever it’s happening
The company will also continue to advance its NLP and ML technology to deliver personalized communication feedback to users around the globe

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