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Grammarly acquires Coda, takes on co-founder Mehrotra as new CEO - SiliconANGLE

Dec 17, 2024 - siliconangle.com
Grammarly Inc. has announced its acquisition of Coda Project Inc., an AI productivity platform, and appointed Coda’s CEO, Shishir Mehrotra, as Grammarly's new CEO. Coda is known for its productivity suite that integrates word processing, spreadsheets, and other applications into a single cloud platform, competing with Google Workspace and Microsoft 365. This acquisition aims to enhance Grammarly's offerings beyond AI writing assistance, aligning with its vision of integrating AI into productivity tools. The terms of the deal were not disclosed, but Coda was valued at $1.4 billion in 2021, while Grammarly's valuation stands at $13 billion.

The acquisition will expand Grammarly's capabilities with Coda's productivity products, including Coda Docs and Coda Brain, an AI document platform. Coda's tools are utilized by over 50,000 teams, including companies like Figma, DoorDash, and The New York Times. Grammarly's AI is used by over 40 million people daily across 500,000 applications, with clients such as Atlassian, Ford, and Chevron. Mehrotra emphasized that combining Grammarly's AI with Coda's flexibility will enhance productivity across organizations.

Key takeaways:

  • Grammarly has announced its acquisition of Coda Project Inc. and appointed Coda's CEO, Shishir Mehrotra, as Grammarly's new CEO.
  • Coda is known for its productivity suite that integrates word processing, spreadsheets, and other applications into a single cloud platform.
  • The acquisition aims to enhance Grammarly's AI capabilities and redefine productivity for the AI era, combining Grammarly's AI assistant with Coda's flexible tools.
  • Coda has been used by over 50,000 teams at companies like Figma, DoorDash, and The New York Times, while Grammarly's AI is used by more than 40 million people daily.
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