Grammarly Acquires Productivity Startup Coda, Appoints New CEO to Drive AI-Powered Productivity
Grammarly, a leading AI-powered writing assistant, has announced its acquisition of Coda, a productivity startup renowned for its innovative AI tools and products. As part of the deal, Coda’s CEO and co-founder, Shishir Mehrotra, will assume the role of CEO at Grammarly, succeeding Rahul Roy-Chowdhury.
Expanding Grammarly’s Capabilities
The acquisition is poised to transform Grammarly’s AI assistant into a comprehensive “AI productivity platform.” By integrating Coda’s AI tools and products, Grammarly will provide its customers with access to a range of new features, including generative AI chat and a productivity suite. These enhancements will empower users to work more efficiently and effectively.
A New Era for Grammarly
Mehrotra, a seasoned tech veteran with a proven track record, has outlined his vision for Grammarly’s future. He aims to create an AI assistant that not only provides exceptional writing suggestions but also seamlessly integrates with various systems, including email, documents, and project management tools.
Upgrade to Coda Docs and Future Integration Plans
Coda’s flagship product, Coda Docs, will be upgraded with the Grammarly Assistant, providing users with enhanced writing and productivity capabilities. In the long term, Grammarly plans to merge the best features of Coda and Grammarly, creating a revolutionary productivity platform that combines company knowledge, generative AI chat, and a comprehensive productivity suite.
About Grammarly and Coda
Grammarly, founded in 2009, boasts 40 million active users and a valuation of $13 billion. Coda, valued at $1.4 billion following its Series D raise in 2021, brings its expertise in AI-powered productivity tools to the table.
As the AI landscape continues to evolve, Grammarly’s strategic acquisition of Coda positions the company for success in the rapidly growing market for AI-powered writing and productivity tools.
