Grammarly Raises $1 Billion
Grammarly has raised $1 billion in non-dilutive financing from General Catalyst to expand its artificial intelligence (AI) offerings, aiming to grow into a comprehensive productivity platform, the companies said on Thursday.
Grammarly, known for its popular writing assistant tool, plans to use the capital to fund sales and marketing costs and strategic acquisitions. It looks to use AI to build more communication-based productivity tools and even hosts third-party tools on its platform by leveraging access to its 40 million daily users.
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General Catalyst doesn’t receive an equity stake in Grammarly, but will get a capped return linked to revenue generated through using this capital. This is structured as a percentage of the revenue generated from the fund being used in customer acquisition.
The writing tools, one element of Apple Intelligence, were the only part of this group of features that was ready on day one. These tools can proofread, rewrite, and summarize texts, and similar features are available from every AI tool and grammar-checking website. These writing tools are the lowest common denominator of generative AI. There’s nothing special about them, and there’s nothing Apple about them.
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I would never use these tools to actually rewrite something. The tone and style of the writing are so bad that I would be embarrassed to put those words under my byline.
Aside from the quality of the AI, integration really matters for features like this. It seems like Grammarly has done a better job there, despite the disadvantage of not controlling the OS. I don’t see it being Sherlocked.
Previously:
- BBEdit 15.5
- Grammarly vs. Apple’s Writing Tools
- On the Undesign of Apple Intelligence Features
- Calling AI a Bubble
- GrammarlyGO Training on User Content With Questionable Opt Out
- Grammarly Disables Spell Checking Globally
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Grammarly's OS integration and functionality are great. They're not even the same type of product as Apple's clownish AI language tools.
Now use that billion to support languages other than English, please.
