Grammarly, an app that helps people highlight issues in their writings, announced Wednesday it has been valued at $13 Billion after receiving $200 M in funding from Baillie Gifford General Catalyst funds, BlackRock, and other investors.

The backing indicates that investors will pay more for specific types of productivity software than cash-rich corporations like Microsoft. Google MicrosoftIn the market

Notion, an innovative start-up that allows users to create their own software. create collaborative documents“, reported in a statement Last month, it announced that it raised $10 billion in capital. ForbesAirtable was reported to be worth $5.8 Billion in March.

Grammarly is a free tool that identifies spelling mistakes, grammar errors and unneeded words. An upgraded version detects plagiarism and offers more types of suggestions. Workers can stay on track with the style and voice guidelines offered by enterprise and business tiers. Grammarly is used daily by approximately 30 million people.

Google Docs, Microsoft Word and other Microsoft Word applications can perform some of the same functions as Grammarly. It can detect instances of plagiarism using services like Turnitin (owned by Advance Publications). Grammarly has no direct competitors, CEO Brad Hoover stated to CNBC during an interview.

To compare its performance with other start-ups, the startup performs benchmarks.

Hoover stated, “We are best in class there.” We’ve focused on this issue for so many years and have built quite a lot of infrastructure to allow us to deliver these wide, specific, understandable results.

Hoover stated that Grammarly is still primarily focused on English. Microsoft Editor for browser extensions, and Office apps supports more than 20 languages.

Grammarly began in 2009 by Max Lytvyn (Dmytro) and Alex Shevchenko (Alex Shevchenko). Today, Grammarly employs more than 600 workers, with offices located in San Francisco and Vancouver, British Columbia.

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