Grammarly Raises $1 Billion in Growth Financing

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Here’s a summary of the information extracted from the provided text about Grammarly:

Summary of Grammarly’s Fundraising Details

  • Startup: Grammarly
  • Founders: Shishir Mehrotra (CEO)
  • Funds: General Catalyst – Customer Value Fund (CVF)
  • Investment Amount: $1 billion
  • Funding Series: Series unspecified, but notable for being a large investment round
  • Date of Fundraise: January 6, 2025

Additional Insights:

  • Location: San Francisco, CA
  • Usage: Over 40 million users daily
  • Annual Revenue: More than $700 million
  • Key Features: AI assistance for communication and productivity, including proofreading, paraphrasing, tone suggestion, and AI detection.
  • Integration: Works directly with over 500,000 applications and websites, including companies like Atlassian, Databricks, and Zoom.

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2025-06-01 11:20:44