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Grammarly, valued at $13 billion, overcame near bankruptcy to succeed with AI-driven writing assistance.
Grammarly, now valued at $13 billion, nearly went bankrupt multiple times as its founders, college friends Max Lytvyn, Alex Shevchenko, and Dmytro Lider, invested almost all their savings into the AI-powered writing assistant platform.
They avoided salaries until reaching 300,000 paid subscribers in 2011 and later switched to a "freemium" model, propelling growth.
The founders believe Grammarly is poised to benefit from advancements in AI and large language models.
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Grammarly, valorado en $13 mil millones, superó cerca de la bancarrota para tener éxito con la ayuda escrita impulsada por IA.