Grammarly acquires Coda to transform its AI assistant into a productivity platform
Grammarly has acquired Coda to create an AI-powered productivity platform that combines Grammarly's writing assistance technology with Coda's document and workflow tools, with Coda's co-founder Shishir Mehrotra taking over as CEO of the combined company.
Grammarly and Coda recently announced they are merging into a single company. Grammarly, the maker of the ubiquitous AI writing assistant used by 40 million daily active users, officially acquired Coda for an undisclosed sum. As a result of the merger, Grammarly will enhance its AI assistant with Coda Brain so the former can leverage the latter's permissions-aware integrations into organizations' data systems as it continues to help users improve their writing with its suggestions. Correspondingly, Coda Docs, Coda's writing editor, will continue to work as intended, but it will natively integrate Grammarly's AI assistant as part of the experience.
In the long term, the goal will be to combine Grammarly and Coda into a single unified product: an AI-powered productivity platform that combines an organization's knowledge base with generative AI chat features, a full suite of productivity tools, and several agents to support customers in their daily workflows. CEO Rahul Roy-Chowdhury will transition to an advisory role as part of Grammarly's restructuring. Coda co-founder and CEO Shishir Mehrotra will become CEO of the combined company.
