Grammarly, a company known for its AI writing assistance tools, recently announced the acquisition of productivity platform Coda and appointed Coda CEO Shishir Mehrotra as Grammarly's new CEO. This move marks a key step in Grammarly's transformation into a comprehensive AI productivity platform, aiming to combine Coda's powerful AI tools with Grammarly's existing features to provide users with a smoother and more efficient workflow. The move also reflects the rapid growth of AI agents in enterprise applications, with more enterprises expected to adopt such technology in the coming years.
The well-known AI assistant Grammarly recently announced that it will acquire the productivity platform Coda. This move marks an important step for Grammarly to become an AI productivity platform.
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Shishir Mehrotra, CEO and co-founder of Coda, will take over as Grammarly's new CEO. The acquisition will be combined with Coda's flexible and powerful AI tools to help customers more efficiently access enterprise knowledge, leverage generative AI for chat, and achieve overall productivity improvements.
Grammarly co-founder Alex Shevchenko said: “For the past 15 years, Grammarly has been building an AI superhighway with capabilities beyond writing assistants. The acquisition of Coda is an important step in realizing our vision for the future of work. Humans and AI can work together seamlessly.”
Coda CEO Mehrotra also expressed his expectations for this cooperation. He pointed out that Grammarly has millions of users around the world, and the combination of the two will bring significant productivity improvements to enterprises. According to Deloitte forecasts, 25% of enterprises using generative AI are expected to deploy AI agents by 2025, and this proportion will grow to 50% by 2027. Currently, 10% of organizations already use AI agents, and more than half plan to adopt this technology within the next year.
This acquisition also points the way for Grammarly's future development. Grammarly’s AI assistant has been used by 50,000 enterprises, including companies such as Atlassian, Ford and Chevron, while Coda continues to innovate on its product Coda Docs, helping many well-known companies such as Figma, DoorDash and New York Times improves productivity.
After the acquisition, Grammarly and Coda's products will continue to maintain their original usage methods, while Grammarly will focus on enhancing the intelligence and context awareness of its AI assistant and connecting to the company's internal applications through Coda Brain. In the future, Grammarly plans to integrate the two platforms to provide users with AI writing support from start to finish.
As the new CEO, Mehrotra has more than 25 years of experience in the technology industry. He served as YouTube's chief product officer and chief technology officer, helping YouTube become the world's largest video platform. He will bring his experience to Grammarly to help the company establish market leadership in enterprise productivity using AI.
Highlights:
Grammarly acquires Coda, and Coda CEO Mehrotra will become the new CEO.
The acquisition aims to build Grammarly into a comprehensive AI productivity platform to improve enterprise work efficiency.
The growing popularity of AI agents will drive widespread enterprise adoption of this technology over the next three years.
The merger of Grammarly and Coda heralds a new era of AI productivity tools. In the future, resources will be further integrated to provide users with a more powerful AI-assisted office experience. This acquisition not only has strategic significance for the two companies themselves, but also provides new directions and inspirations for the development of the entire AI industry.