Grammarly Inc.'s acquisition of Coda has received a thumbs-up from LinkedIn co-founder Reid Hoffman. The writing assistant company will now be led by the new CEO, Shishir Mehrotra.
What Happened: On Tuesday, Hoffman extended his congratulations to Mehrotra and the Coda team. He was a member of Coda's board.
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Mehrotra separately also announced the acquisition on his blog.
He outlined a comprehensive roadmap for integrating the products, beginning with improving Grammarly’s AI assistant with Coda Brain’s context and merging Coda Docs with the Grammarly Assistant.
The long-term plans include intertwining the products to build an AI productivity platform for agents and apps.
Established in 2009, Grammarly raised $200 million at a valuation of $13 billion in 2021. It has a user base of over 40 million daily active users. Meanwhile, Coda reached a valuation of $1.4 billion after its Series D funding round in 2021.
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