Grammarly Acquires AI Company Coda to Launch Powerful New AI Productivity Tools for Businesses
Grammarly, which is famous for its English grammar-checking services, has acquired AI startup Coda. Through this move, Grammarly has announced its entry into the field of AI productivity.
After this acquisition, Coda’s current CEO Shishir Mehrotra will become the new CEO of Grammarly. At the same time, Grammarly’s current CEO Rahul Roy-Choudhary will now play the role of advisor. However, the price of this deal has not been disclosed.
What is Coda?
Coda was founded in 2014 by former Microsoft and Google employees Shishir Mehrotra and Alex Denei. It is a cloud-based multi-user document editor that combines features such as spreadsheets, presentations, word processing and applications. On this platform, users can create encyclopedias, databases and project documents.
Grammarly’s Future Goal
Grammarly said that this acquisition has been done to bring together the technical resources of both the companies. The company aims to become a comprehensive “AI productivity platform”. Under this, by integrating Coda’s AI tools and interface, companies will be provided with generative AI assistants and other productivity tools.
This move will help Grammarly to strengthen its hold in AI technology and large-scale language model (LLM) based tools. In the coming time, this platform can become a smart, fast and advanced grammar checking tool for companies.
This partnership of Grammarly and Coda can bring a big change in the field of technology. It is expected to improve the use and productivity of AI.
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