Grammarly raises $90M at over $1B+ valuation for its AI-based grammar and writing tools
While attention continues to be focused on the rise and growing sophistication of voice-based interfaces, a startup that is using artificial intelligence to improve how we communicate through the written word has raised a round of funding to capitalise on its already profitable growth. Grammarly — which provides a toolkit used today by 20 million people to correct their written grammar, suggest better ways to write things and moderate the tone of what they are saying depending on who will be doing the reading — has closed a $90 million round of funding.
Brad Hoover, the company’s CEO, confirmed to TechCrunch that the funding catapults the company’s valuation to more than $1 billion as it gears up to grow to more users by expanding Grammarly’s tools and bringing them to more platforms. Today, Grammarly can be used across a number of browsers via browser extensions, as a web app, through mobile and on desktop apps, and through specific apps such as Microsoft Office. But the area where we communicate via the written word is expanding all the time — consider, for example, how much we use chat and texting apps for leisure and for work — so expect that
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