Success Story Of Grammarly : How 2 Co-founders Become Billionaires By Fixing Typos
Have you ever wondered how and how typos get corrected when typing on your phones? Who is the genius behind this life-saving software or feature? American Grammarly, a writing assistant based in the United States was founded in the year 2000 by Max Lytvyn and Alex Shevchenko who , according to reports, are worth $2.4 billion. These are the folks behind this.
It was founded in the hands of three Ukrainians in 2009, Grammarly is home to over 600 employees who work on more than 50 million software applications to collect and analyze the Nearly of 14 trillion words per year to serve its massive audience of 30 million and daily active users across the globe. Grammarly makes use of machine learning to help with basic writing, spelling-check, grammar, contextualization and tone of language, as well. The company increased its value to $13 billion through the form of a financing deal, making it one of the 10 most valuable businesses across the U.S. in November 2021. Grammarly also raised more than $200 million with an investment of $13 billion in a new round of funding that was led by investors such as Baillie Gifford and BlackRock. The funds and accounts are run through BlackRock. Since it was founded, Grammarly has developed and developed a number of other products such as Grammarly Business that assists major companies in a variety of functions such as marketing and sales with a variety of other services, which comprise plagiarism detection.
Grammarly recently began an alliance with the top company – Samsung Electronics in which Grammarly’s writing suggestions will be integrated into Samsung’s smartphone keyboard that will allow users to utilize Grammarly without downloading the application.
Thanks to the zealous and hard work of its employees and its founders, Grammarly has achieved the pinnacle of success, and we hope to see it appear on more platforms in the very near future!
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