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Grammarly raises $1 billion to expand sales, marketing; CEO Mehrotra says, 'The future looks bright'

  • Grammarly, led by India-origin CEO, secures $1 billion in non-dilutive financing from General Catalyst for sales and marketing expansion.
  • The funding follows Grammarly's acquisition of Coda, shifting focus from writing assistance to enterprise productivity tools.
  • This investment will aid in scaling sales and marketing efforts, strategic acquisitions, and positioning Grammarly as a comprehensive productivity suite.
  • CEO Mehrotra highlights the evolution of Grammarly into an AI productivity platform, with AI agents servicing over 500,000 applications and websites.

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