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The company will use the attracted funds to continue expanding the coverage of their product.
The Ukrainian-based IT company Grammarly, on the way to realizing its vision of a communication assistant, raised another US$90 million in a new investment round to develop its online service.
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"This round was re-led by General Catalyst, current and new investors also joined. It will contribute to the development of the company and increase the number of customers. It was re-led by General Catalyst, which was joined by current (among them - IVP) and new investors. Grammarly is creating an online service based on artificial intelligence to help write texts in English," the company's press service said on October 11.
It is noted that with the attracted US$90 million investment, the company will continue to improve its technology to create a comprehensive assistant for personal and professional communication in English.
The company says they would use the attracted investments to continue expanding the coverage of their product, as well as to make it available wherever written communication in English can take place.