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.