Grammarly Acquires Superhuman to Create AI-Powered Productivity Suite
Many of us use Grammarly, the writing assistance software that checks orthography, grammar, and tone of a text. It can also suggest style recommendations to users and generate texts using its generative AI capabilities. However, few people know that it's a company with over 40 million daily users and an annual revenue exceeding $700 million. It has recently raised $1 billion to expand beyond grammar correction.
And that's exactly what happened yesterday, with the announcement of an agreement to acquire Superhuman, an email efficiency tool. The idea is to create an AI-powered productivity suite. The financial terms of the agreement have not been disclosed.
Superhuman is an ultra-fast email management application that optimizes email handling, focusing on speed and productivity through extended keyboard shortcuts and AI-based features. The last known valuation dates back to 2021, valuing the company at $825 million. Its current annual revenue stands at around $35 million.
Email remains the dominant communication tool in the world. Professionals spend an average of three hours a day in their inbox. It's by far the most used work application, fundamental to any productivity suite. Superhuman has proven its effectiveness. Its users send and respond to 72% more emails per hour, and the percentage of emails composed using its AI tools has been multiplied by five in 2024. Get ready for changes.
