Grammarly has reached “unicorn” status
Grammarly runs an online service that helps write English texts.
Participation in the second financing round attracted new investors along with current ones, with General Catalyst in the lead for a second time in a row. Since the startup was founded in 2009, the company has attracted over $200 million in investments, with its first external financing round closing in 2017 with $110 million.
The company was started by three programmers, Dmitro Lider, Alex Shevchenko, and Max Litvin. Grammarly has developed an AI-based online service which helps write English texts. The new round of financing will be aimed at product development. Startup also plans to create a digital assistant which will aid English communication in personal and professional settings.