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.
Wing, the Alphabet-owned company specializing in drone delivery of medicine, groceries and fast-food, has announced a major expansion of its partnership with Walmart to expand its grocery delivery…
As TechCrunch recently reported, YouTube has won the rights to stream the Oscars, Hollywood’s glitziest awards ceremony, exclusively on its platform beginning in 2029. For these rights, the online…
Xposure Technology Inc. (“Xposure Music”), a technology-driven financing and investment platform, leverages data analytics and artificial intelligence to identify and acquire music catalogs that it…
Lego’s new Smart Play system has added interactive Lego blocks to the well-known analog franchise. The new system makes use of smart bricks, smart tag tiles and smart minifigures which interact with…
The development of robotaxis from companies such as Waymo LLC and Zoox, Inc. has sparked broader conversations about how autonomous vehicles will integrate into everyday life. For this integration to…
The Business Development Bank of Canada (“BDC”) has indicated it may ease restrictions that have historically limited venture capital funds it backs from investing in defence-related technologies…
