In November 2021, the company raised $200 million, led by Baillie Gifford and funds managed by BlackRock, to continue its investment in its AI technology and to accelerate product innovation and team growth. In October 2019, the company raised $90 million during the second round of funding, at a valuation of more than $1 billion. In May 2017, the company raised $110 million in its first round of funding from General Catalyst, IVP, and Spark Capital. In 2022, Ukrainian-founded Grammarly said to donate all the profits it made in Russia and Belarus to Ukraine since 2014 because of the 2022 Russian invasion of Ukraine. They started the project in the Western world because, according to Alex Shevchenko, ".unlike Ukrainian universities, Western educational institutions are very open to new technologies." At the same time, Lytvyn and Shevchenko decided to switch the target practice and the concept of the service to gear it towards, instead of those studying English, but to those who use it in every day life. Initially, Grammarly was to be a program for universities to teach their students English, however sales were considered slow because universities could buy it for years at a time, so they decided to sell the product directly to the end user. The origins of Grammarly came from Max Lytvyn, Alex Shevchenko, and Dmytro Lider, two years after designing a program called My Dropbox, which was a program that checked essays for plagiarism, the trio and his friends founded Grammarly in 2009.
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The software is produced by Grammarly Inc, which is headquartered in San Francisco, California, with offices in Kyiv, New York City and Vancouver. In 2018, Grammarly launched the beta version of its browser extension, which is optimized for Google Docs. It was launched in 2009 by Ukrainians Alex Shevchenko, Max Lytvyn and Dmytro Lider. It also allows users to customize their style, tone, and context-specific language.
It uses AI to identify and search for an appropriate replacement for the error it locates. Grammarly is a Ukrainian American-headquartered cross-platform cloud-based typing assistant that reviews spelling, grammar, punctuation, clarity, engagement, and delivery mistakes. Online text editor, browser extension, and mobile app with grammar checker, spell checker, and plagiarism detector (Customizable Based on keyboard Settings) Windows, macOS, Linux, Android, iOS, World Wide Web ( Learn how and when to remove this template message)Īlex Shevchenko, Max Lytvyn, and Dmytro Lider It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. This article may have been created or edited in return for undisclosed payments, a violation of Wikipedia's terms of use.
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