Grammarly has secured a $1 billion commitment from General Catalyst. The 14-year-old writing assistant startup will use the new funds for its sales and marketing efforts, freeing up existing capital to make strategic acquisitions. Unlike a traditional venture round, General Catalyst will not receive an equity stake in the company in return for the investment. […]
Perplexity received 780 million queries last month, CEO says
Srinivas went on to note that the same growth trajectory is possible, especially with the new Comet browser that it’s working on.