<ul><li>Grammarly secures $1 billion financing from General Catalyst’s Customer Value Fund for product innovation, sales and marketing scaling, and strategic acquisitions.</li><li>The financing follows Grammarly's evolution into an AI productivity platform after acquiring Coda, integrating the two companies.</li><li>The AI assistant by Grammarly aids users in brainstorming, composing, proofreading, paraphrasing, and suggesting tones, catering to over 40 million users with annual revenue exceeding $700 million.</li><li>General Catalyst's investment is seen as a strategic enabler for Grammarly's growth, focusing on enterprise adoption through transformed workflows and communication across industries.</li></ul>

Grammarly Secures $1 Billion Financing Amid Evolution Into AI Productivity Platform

Discover more