In the next year, it was reportedly pulling in $10 million in revenue annually. One of its first products was a barebones WYSIWYG editor into which users could paste text, which evolved into a web app that provided itemized lists of spelling and syntax suggestions.īy 2011, Grammarly, which early on tailored its technology to educational institutions, counted 300,000 students as registered users and more than 250 universities as customers. Grammarly - the brainchild of Kyiv, Ukraine-based developers Alex Shevchenko, Max Lytvyn, and Dmytro Lider - was founded in 2009 as Sentenceworks shortly after the sale of Lytvyn and Shevchenko’s plagiarism-checking MyDropBox to educational services company Blackboard. The company’s ability to attract the talent needed to grow that platform continues to impress us, and today we’re excited to increase our investment to achieve their worthy mission.” General Catalyst managing director Hemant Taneja added, “We first invested in Grammarly to help them evolve into a platform that could improve written communication everywhere it happens. Grammarly’s AI fills this gap by empowering people worldwide - both native and non-native English writers, for personal, professional, and academic reasons - to communicate clearly and effectively.” “But effective communication requires talent and time, and it can be very challenging.

“Communication is a fundamental human need that helps us all connect and thrive,” said Hoover. He also said it’ll enable Grammarly to expand the size of its workforce globally, which now numbers north of 200 employees. CEO Brad Hoover said the fresh capital, which brings Grammarly’s total raised to date to roughly $200 million following a $110 million raise in May 2017, will be used to advance its technology to build a full-fledged communications assistant. Grammarly, the Kyiv, San Francisco, Vancouver, and New York startup behind the eponymous cross-platform grammar- and spell-checking platform, today revealed that it’s secured $90 million in its second-ever funding round, led by General Catalyst, with participation from IVP as well as undisclosed existing and new investors. Join AI and data leaders for insightful talks and exciting networking opportunities. We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28.

Grammarly and macjournal