AI-focused writing assistant Grammarly to acquire Coda, AI productivity tool creator; Shishir Mehrotra appointed as CEO.
Announcement Blast: 📣 Grammarly's Big Leap into AI-Powered Productivity 🚀
Here's the thrilling scoop from December 17, 2022: Grammarly, the beloved writing assistant, is going beyond grammar! It's all set to transform into a unified AI-powered productivity powerhouse, thanks to its acquisition of the productivity startup, Coda.
Financial details of the Grammarly-Coda deal remain under wraps. But the merger promises an exciting combination of AI for diverse purposes. Grammarly, with its 40 million active users and a whopping $13 billion valuation, is keen to beef up its capabilities using Coda's Docs and Brain offerings, which support an AI-driven productivity suite that businesses swear by.
As TechCrunch reported, Coda was valued at a staggering $1.4 billion in 2021 after a Series D fundraising round. Grammarly's co-founder, Alex Shevchenko, lauded the acquisition as a giant stride towards their vision of a world where humans and AI work synergistically in every aspect of work.
The goal of the merger? To bring Coda's intelligence and flexibility into the Grammarly experience, supercharging user productivity. But here's a twist: Current Grammarly CEO Rahul Roy-Chowdhury is stepping down, with Coda co-founder and CEO, Shishir Mehrotra, taking over the helm.
Mehrotra announced plans to make Grammarly's assistant even 'smarter' and 'more helpful' by incorporating the context of Coda Brain, alongside unifying Coda Docs and the Grammarly Assistant for users' benefit. According to Mehrotra, this dynamite duo has the potential to revolutionize productivity as we know it.
So, buckle up, folks! The future of productivity is about to get a major boost with this ambitious team-up. Grammarly's trusted AI assistant, combined with Coda's intelligence and flexibility, promises productivity gains across organizations, enhancing collaboration, and elevating user experiences to new heights. 🌟
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Technology and artificial-intelligence are set to be at the forefront of Grammarly's transformation, as it merges with productivity startup, Coda, aiming to create an AI-powered productivity powerhouse.
The goal of the merger is to bring Coda's intelligence and flexibility into the Grammarly experience, making the AI assistant even smarter and more helpful.
