Have you ever wondered if fixing language mistakes in emails and other documents may make you a billionaire? It appears to be achievable.
Grammarly, a prominent artificial intelligence-based online grammar checking service, has made two of its founder’s billionaires: Alex Shevchenko and Max Lytvyn. Shevchenko and Lytvyn are each worth $4 billion according to the Forbes Billionaires Index as of February 8.
Grammarly’s product head, Alex Shevchenko, is also a co-founder of the firm. He manages product development and ensures that every part of Grammarly’s products catches the attention of the audience. Max, on the other hand, is the head of revenue at Grammarly and is responsible for developing and expanding new market prospects for the company’s products.
In November of last year, the company raised more than $200 million in a new investment round led by Baillie Gifford and funds and accounts administered by BlackRock, valued at $13 billion. Cisco Systems, Dell Technologies, Expedia Group, and Zoom Video Communications are among the company’s high-profile clientele.
Grammarly was launched in 2009, with the Grammarly Editor following in 2010. In 2013, Grammarly launched its Microsoft Office add-in feature, followed by browser extensions and a Freemium model in 2015. Grammarly had over 1,000,000 daily active users in 2015 as well.