Grammarly, a leader in AI-driven writing assistance, announced on Tuesday that it is acquiring productivity startup Coda, in a move to significantly expand its technological capabilities. With this acquisition, Coda’s CEO and co-founder, Shishir Mehrotra, will assume leadership as the new CEO of Grammarly. This expansion will introduce new features such as generative AI chat and a complete productivity suite, aiming to make Grammarly's tools more robust and versatile for its users.
Mehrotra, bringing over 25 years of tech experience, outlined his vision for a more interconnected and intelligent Grammarly in a blog post. He imagines an enhanced AI assistant that integrates seamlessly with a user's existing digital tools—from emails and documents to CRM systems and project trackers—offering smarter, context-aware suggestions. Founded in 2009, Grammarly has grown to serve 40 million active users and boasts a valuation of $13 billion. Coda, valued at $1.4 billion in 2021 following a Series D funding round, has been noted for its innovative approach to dynamic document creation and management.
The acquisition places Grammarly in a strong position within the increasingly competitive market of AI tools for writing and productivity. This strategic move not only enhances Grammarly's functionality but also broadens its appeal to a wider audience seeking more sophisticated, AI-powered productivity solutions.
Confined Space Robotics (“CSR”) has been awarded a $1.5 million contract by Seaspan Shipyards to develop and integrate abrasive blast and paint robotic systems at Seaspan’s Vancouver shipyard. Seaspan…
OpenAI has announced a deal with the United States Department of Defense (the “DoD”) that will allow the United States military to deploy advanced artificial intelligence systems within classified…
Global average atmospheric carbon dioxide (“CO₂”) concentrations have climbed roughly 25 percent since 1980. This is largely driven by fossil fuel combustion and intensifying wildfires, as the…
Carbon Robotics, the Seattle startup behind the LaserWeeder – a robot fleet that uses lasers to eliminate weeds – has introduced a new AI system called the Large Plant Model (“LPM”). The company says…
According to a recent article from TechCrunch, virtual retailer Etsy is selling Depop, Gen Z’s preferred online platform for buying and selling vintage clothing, to eBay for US$1.2 billion in…
Cellar Insights Inc. (“Cellar Insights”), an agricultural technology company, is advancing post-harvest potato storage using sensor technology, data analytics and predictive modelling. Its system…
