Grammarly Acquires Startup Coda and Brings Mehrotra as New CEO

Grammarly Inc.the maker of artificial intelligence-powered writing assistance software, is buying productivity startup Coda in a deal that will also give it a new CEO.

Coda co-founder and CEO Shishir Mehrotra will take over that position at Grammarly, according to an announcement from the two companies on Tuesday. Grammarly’s current CEO, Rahul Roy-Chowdhuryremains on the board.

Shishir Mehrotra

Source: Grammarly Inc.

The companies did not disclose the 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…