Ukrainian startup Grammarly attracts $110 mln of investment
IT company with Ukrainian roots Grammarly as part of the funding round conducted by venture investors General Catalyst jointly with IVP and Spark Capital has raised $110 million of investment, the company has said in a press release.
Jointly with the investors the company will work on speeding up the company's growth, expansion of the team and business development.
Grammarly is an intellectual online service based on artificial intelligence. The software improves communications between people using not only grammar check, but providing for stylistic accuracy and increasing effectiveness of messages.
The product daily helps over 6.9 million of users in various spheres of life, making their communication in messengers, documents, e-mail and posts in social networks more clear, the company said.
Grammarly was founded by Kyiv residents in 2009: Maksym Lytvyn, Oleksiy Shevchenko and Dmytro Lider. The offices of the company are located in Kyiv, San Francisco and New York.
The team includes over 100 people.