The round is led by VC firm General Catalyst according to Crunchbase, this is the biggest investment round General Catalyst has been a part of (either as a lead investor or participant) since November 2. For a company raising its first round of investment (Grammarly was founded in 2.Īs Bloomberg notes, this is among the largest initial investments for a startup recently. It’s canny marketing, too: Facebook, Amazon, Google, Microsoft, and Apple are all heavily investing in buzzword- laden tech like “machine learning” and “artificial intelligence,” so it makes sense that investors are flocking to startups that promise the same thing. Grammarly claims that it uses “artificial intelligence” and “machine learning” to help people write better, and though I’m not sure what that means, it certainly sounds fancy. If you haven’t heard of Grammarly-I had not, but our friends at Lifehacker have covered the service before-it’s basically a Chrome extension that promises to check your grammar/spelling as you type stuff in real time. Need any proof that we’re still knee- deep in a tech bubble? Grammar startup Grammarly just raised $1. Lame Grammar Startup Raises Stupid Amount of Money.
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