Baillie Gifford led a $200m funding round in Grammarly.

Baillie Gifford, an investment management firm, led a $200m funding round in Grammarly, a developer of a digital communication assistant. BlackRock also participated. Grammarly plans to use the funding to continue making investments in its AI technology. The company will also continue to advance its natural language processing and machine learning tech to deliver personalized communication feedback to its users. “We believe this funding round is a great validation of our business strength. We’ve been cash flow positive from the very early days. The round also validates the strength of our mission to improve lives through improving communication. This funding round comes in the context of product innovation and product scaling," Rahul Roy-Chowdhury, Grammarly Global Head of Product.