

The company has nearly tripled its number of team members since 2019 and-with its newly announced remote-first hybrid working model-is hiring across every department in the United States, Canada, and Ukraine.
#GRAMMARLY AI 200M SOFTWARE#
The company was recognized as one of Inc.’s Best Workplaces 2021, a member of the 2021 Forbes Cloud 100, and one of The Software Report’s Top 100 Software Companies of 2021. Grammarly remains profitable and has been cash-flow positive since soon after inception. We look forward to many years of partnership with Grammarly.” Grammarly’s long-term and ambitious approach also aligns with our approach to investing. What attracted us is the company’s vision and the team’s ability to drive the product forward to help more people in more situations communicate better. “Grammarly is one of the few businesses in the world focused on solving this problem. As the world has digitized, people communicate more than they ever have-yet it has never been so difficult,” said Peter Singlehurst, Head of Private Companies at Baillie Gifford. “We’re delighted to partner with the team at Grammarly to democratize effective communication. The company’s business model incentivizes product innovation that puts its users first-Grammarly makes money from selling subscriptions, not data.
#GRAMMARLY AI 200M ISO#
Grammarly’s investments in enterprise-grade security, combined with a SOC 2 (Type 2) report, ISO 28 certifications, and HIPAA compliance, give customers peace of mind that their data is safe and secure. Teams from leading brands such as Zoom, Cisco, and Expedia leverage Grammarly Business to accelerate productivity and engagement, reporting up to a 30% improvement in customer satisfaction and an average 20% efficiency increase. Over the past year, the number of customers with large-dollar contracts increased by more than 250%.

As this business reality has become increasingly apparent, the company’s organization-focused offering- Grammarly Business-has seen significant growth in demand among enterprises. The company will also continue to advance its best-in-class NLP and ML technology to deliver personalized communication feedback to users around the globe.Īccording to a recent Harris Poll study commissioned by Grammarly, 94% of business leaders say effective communication is key to meeting business goals. With a new desktop product, the launch of Grammarly for Developers, and strategic partnerships like Grammarly for Samsung Keyboard, Grammarly is poised to bring its real-time communications suggestions to more people across more applications. Its platform accelerates effective communication across more than 500,000 applications and websites, from email clients to enterprise software to word processors. Looking to assist people wherever they write, Grammarly doesn’t limit users to one software suite or operating system to receive communication feedback.

It drives real impact for our users and the ecosystems in which they operate, including businesses.” “By enabling clear and confident communication, Grammarly’s platform helps people excel both personally and professionally.

“Grammarly’s latest funding round underscores the importance of our mission and the broad need for effective communication,” said Brad Hoover, CEO of Grammarly. Getting communication right is essential in our hyper-connected world-it’s become foundational to achieving both individual and business goals. More people are connecting across more online platforms and in more diverse contexts than ever before. Today’s digital-first world continues to shape how we work and live. With this latest round, Grammarly will accelerate product innovation and team growth to transform how individuals and organizations around the world communicate. SAN FRANCISCO-( BUSINESS WIRE)- Grammarly, the company powering effective communication for over 30,000 teams and 30 million people daily, today announced over $200 million in funding at a $13B valuation from new investors Baillie Gifford and funds and accounts managed by BlackRock, among others.
