Grammarly Acquires Startup Coda, Bringing Mehrotra as New CEO

Grammarly Inc., the maker of artificial intelligence-powered writing assistance software, is acquiring productivity startup Coda in a deal that will also bring it a new chief executive officer.

Coda co-founder and CEO Shishir Mehrotra will take over that position at Grammarly, according to statement from the two companies Tuesday. Grammarly’s current top executive, Rahul Roy-Chowdhury, will remain on the board.

Shishir Mehrotra

Source: Grammarly Inc.

The companies didn’t disclose financial terms of the deal, which is expected to close in January. Coda was valued at $1.4 billion in 2021 after its Series D funding round. Grammarly is valued at $13 billion, ...