Grammarly secured $1 billion financing from General Catalyst to enhance its AI productivity platform after acquiring Coda. The investment will boost sales, marketing, and acquisitions, enabling growth for its 40 million users and $700 million revenue. CEO Shishir Mehrotra emphasizes the potential of integrating Grammarly with Coda, while General Catalyst highlights its strategic importance for Grammarly's future.
https://www.grammarly.com/blog/company/grammarly-announces-growth-financing/