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

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

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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