The little ones may have used it Grammarly Grammarly's "Grammar Check" service, which is friendly to English letters and the like, has now acquired an AI startup, according to an official Grammarly press release. Coda, will venture into the AI productivity space.
Shishir Mehrotra, Coda's current CEO, will take over as Grammarly's new CEO, while current CEO Rahul Roy-Chowdhury will step down to an advisory role after all acquisition procedures are completed, for an undisclosed sum.
Coda was reportedly founded in 2014 by former Microsoft and Google employees Shishir Mehrotra and Alex DeNeui.The company's main product is a cloud-based multiplayer document editor that integrates spreadsheet, presentation, word processing, and application functionalityThe platform allows users to create a variety of content such as encyclopedias, databases or project documents.
Grammarly said the acquisition is aimed at integrating the technology resources of both companies, and that it plans to transform itself internally into a full-fledged "AI productivity platform" by combining Coda's AI tools and interfaces to provide businesses with generative AI assistants and a variety of productivity tools.