Grammarly introduced Tuesday the acquisition of e mail shopper 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 response to knowledge from enterprise knowledge analytics agency Traxcn.
“With Superhuman, we will ship that future to tens of millions extra professionals whereas giving our current 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, stated in an announcement.
With this deal, CEO Vohra and different Superhuman staff are shifting over to Grammarly.
“E-mail is the primary communication device for billions of individuals worldwide and the number-one use case for Grammarly clients. 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 approach of working the place AI brokers collaborate throughout the communication instruments that all of us use each day,” Rahul Vohra, CEO of Superhuman, stated in an announcement.
In the previous few months, Superhuman has launched AI-powered options associated to scheduling, replies, and categorization. In its announcement, Grammarly stated that it needs to construct AI brokers for emails utilizing Superhuman’s tech. The corporate stated that e mail stays one of many high use instances 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 Could, Grammarly raised $1 billion from Common Catalyst in a non-dilutive funding. Somewhat than giving up fairness, the corporate can pay again Common Catalyst the cash with a capped share of income it creates utilizing the enterprise agency’s cash.
