Grammarly introduced Tuesday the acquisition of e-mail consumer Superhuman in a push to construct out its AI for its productiveness suite. Neither corporations supplied particulars in regards to the monetary phrases of the deal.
Superhuman was based by Rahul Vohra, Vivek Sodera, and Conrad Irwin. The corporate raised greater than $114 million in funding from backers together with a16z, IVP, and Tiger International, with its final valuation at $825 million, in line with information from enterprise information analytics agency Traxcn.
“With Superhuman, we will ship that future to thousands and thousands extra professionals whereas giving our present customers one other floor for agent collaboration that merely doesn’t exist wherever else. E-mail isn’t simply one other app; it’s the place professionals spend vital parts of their day, and it’s the proper staging floor for orchestrating a number of AI brokers concurrently,” Shishir Malhotra, CEO of Grammarly, mentioned in an announcement.
With this deal, CEO Vohra and different Superhuman workers are transferring over to Grammarly.
“E-mail is the principle communication device for billions of individuals worldwide and the number-one use case for Grammarly prospects. By becoming a member of forces with Grammarly, we’ll make investments much more within the core Superhuman expertise, in addition to create a brand new means of working the place AI brokers collaborate throughout the communication instruments that all of us use day-after-day,” Rahul Vohra, CEO of Superhuman, mentioned in an announcement.
In the previous couple of months, Superhuman has launched AI-powered options associated to scheduling, replies, and categorization. In its announcement, Grammarly mentioned that it desires to construct AI brokers for emails utilizing Superhuman’s tech. The corporate mentioned that e-mail stays is without doubt one of the prime use-cases for Grammarly.
Final 12 months, Grammarly acquired collaborative productiveness software program Coda, and as a part of the deal, promoted Coda’s co-founder, Shishir Malhotra, to CEO.
In Might, Grammarly raised $1 billion from Common Catalyst in a non-dilutive funding. Quite than giving up fairness, the corporate would pay again Common Catalyst the cash with a capped proportion of income it creates utilizing the enterprise agency’s cash.
