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Grammarly is acquire productiveness startup Coda , the companyannouncedon Tuesday . As part of the pot , Coda ’s CEO and carbon monoxide - founderShishir Mehrotrawill become the new CEO of Grammarly .
The financial terminal figure of the deal were not disclosed .
The acquisition will aid turn Grammarly ’s AI help into an “ AI productiveness weapons platform ” thanks to the addition of Coda ’s AI tools and products , the company say . The passel will give Grammarly customer access to novel features , such as productive AI chat and a productiveness suite , to assist them work more expeditiously .
Grammarly ’s current CEO , Rahul Roy - Chowdhury , saidin a statementthat he is ill-treat down from his role and that he will work alongside Mehrotra as an advisor .
Mehrotra , a 25 - twelvemonth tech warhorse who antecedently served as YouTube ’s chief product ship’s officer and chief applied science officer , outlined his vision for Grammarly in ablog post : to make the AI assistant even smarter and more helpful .
“ conceive of if the Assistant not only gave awe-inspiring suggestion and refinements based on the writing it sees today but also had permission - aware connections into all of your other system ( from your electronic mail to docs to CRM to project trackers and more ) , ” Mehrotra write .
In addition , Coda ’s gist product , Coda Docs , will be upgrade with the Grammarly Assistant .
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“ In the longer term , we plan to weave the best of Coda and Grammarly together , ” Mehrotra wrote . “ It will blend your company cognition , productive AI chat features , a full productivity retinue , and hundreds of agents to help you act smarter . We aspire to redefine productivity for the AI era . ”
Founded in 2009 , Grammarly has 40 million alive drug user and isvalued at $ 13 billion . Coda was value at $ 1.4 billion following itsSeries five hundred raiseback in 2021 .
As AI assistant become more and more approachable , Grammarly ’s acquisition of Coda will aid it become better set to vie with ship’s company building AI tools for writing and productivity .
