Grammarly Gets Over $200 Million in Funding

Teodora Dobrilova
Teodora Dobrilova

Updated · Feb 21, 2022

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Yesterday, the company announced it has received $200M+ from new investors to further develop its tool.

The Deal

Grammarly has struck a deal with new investors, including Baillie Gifford. The company plans to use the funding to further develop its AI writing software

The goal is to advance natural language processing and machine learning tech to improve and personalize the feedback given to users. In addition, the firm wants to invest in strengthening user trust.

Improvements

Moreover, Grammarly plans to add new categories for suggested improvements. Also, the grammar checker is to become more ubiquitous. Earlier this week, the company launched new Windows and Mac desktop applications. It integrates with programs such as Microsoft Office, Slack, Discord, Jira, etc.

In addition, the firm announced Grammarly for Developers with the rollout of its Text Editor SDK (software development kit). The beta version allows developers to access the full power of automated editing with a couple of lines of code.

Furthermore, Grammarly has doubled its investments in security. It has added a SOC 2 (Type 2) report, ISO 27001/17/18 certifications, and HIPAA compliance, among others.

It has also announced a partnership with Samsung, in order to help people write efficiently from their mobile phones.

Sources.

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Teodora Dobrilova

Teodora Dobrilova

Teodora devoted her whole life to words – reading, writing and trying to be original on social media. She got certified in digital marketing but still feels she’s not cool enough to be an influencer. (We all disagree – she influences the team pretty well.) She finished a master’s degree focused in Literature, Publishing, Mass Media. Her hobbies include traveling, and reading. Teddy hopes that yoga will be the thing to finally teach her some patience and show her the path toward world domination. Maybe modern tech can also help her with that.

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