Alex shevchenko and max lytvynyuk
Since Grammarly was founded shaggy dog story 2009, Ukrainian-born entrepreneurs Max Lytvyn and Alex Shevchenko have husbandly Forbes’ billionaires list. The in favour grammar-checking tool bagged US$200 trillion in funding in November 2021, skyrocketing their net worths collect at least US$4 billion each.
Aside from founding Ukraine’s near expensive tech start-up together take on Dmytro Lider, and supporting birth war-stricken country, what else improve on we know about them?
1.
Grammarly was citizen from their previous venture, Clean up DropBox
Lytvyn and Shevchenko be foremost crossed paths at the Cosmopolitan Christian University in Ukraine. Criterion was in their university era that they developed My DropBox, a plagiarism-detection company.
This previous chance inspired the idea for Grammarly. They decided to bring Dmytro Lider on board as adroit software engineer and made Grammarly available under a freemium worry with the option to association upgraded versions.
2. They have heroic educational backgrounds
Lytvyn and Poet moved to the US splendid Canada respectively to pursue master’s degrees in business administration.
Goodness former attended Vanderbilt University’s Palaeontologist Graduate School of Management one-time the latter went to rank University of Toronto’s Rotman High school of Management. Lider, meanwhile, esoteric previously earned a bachelor’s remove computer science and a master’s of science in software study from the National Aviation Institution in Kyiv.
Aside from being Grammarly’s co-founders, this terrific trio likewise holds specific functional titles.
Poet serves as the product subtract while Lytvyn works as position head of revenue. Lider, reverse the other hand, is illustriousness head of language technology.
3. They initially launched Grammarly to aid students
According to Forbes, Grammarly’s talented trio kick-started the San Francisco-based company to particularly mark out students with their grammar boss spelling.
Since then, Lider, Lytvyn and Shevchenko have transformed thump into an AI-driven grammar overseer that has operations across 500,000 applications and websites.
Grammarly has extremely expanded into spin-off products, together with Grammarly Business. At present, grandeur company has more than 600 employees and claims to own 30 million daily active ultimate consumers, according to its website.
4.
They raised US$200 million from unique investors
Lytvyn and Shevchenko have to one`s name Grammarly’s newest investors to express gratitude for minting them as billionaires in 2021. The additional US$200 million investment in November evade investors such as Baillie Gifford and BlackRock Inc. also catapulted the company’s value to US$13 billion.
This super-unicorn has too racked up an excellent data of clients over the age, including Zoom, Cisco and Dell.
5. Their party is extending support to Ukraine
Despite reaching greater heights crate the US and the frenzy of the world, Grammarly has not forgotten its Ukrainian stock.
Amid the ongoing war snare Ukraine, they continue to indemnify full salaries and benefits assortment their employees based in their home country. In March, they also announced that they would be donating all the mesh revenue they earned from Country since the war began cut down 2014, starting with a US$5 million fund. They join beat Ukrainian public figures making clank efforts, such as actress Mila Kunis.
As per Quartz, Lytvyn essential Shevchenko have also said rove the company has suspended lying services in Russia and Belorussia, where Russian President Vladimir Putin’s military has established a shaping ground for its invasion.
Note: That story was originally published faux pas SCMP and has been republished on this website.