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Grammarly Named One of Fast Company’s Most Innovative Companies for 2024

Updated on March 18, 2024Company

Fast Company announced today that Grammarly has been named one of the 2024 World’s Most Innovative Companies in the Artificial Intelligence sector. Grammarly also received this accolade in 2019 and 2022.

This recognition comes when businesses everywhere are rushing to adopt generative AI—and discovering that not every innovation is made equal. Grammarly has always approached our customers’ evolving needs with intention, deeply understanding their challenges and purposefully applying the latest technologies to address them.

In the past year, Grammarly sought to move our industry forward by applying gen AI in a way that transcends the hype to deliver better writing and better results. We’re honored that Fast Company has recognized our work on this front.

Grammarly understands that effective communication is transformational for businesses. It’s how ideas form, connections happen, and work gets done. We also know that communicating effectively is getting harder. According to research from Grammarly and The Harris Poll, knowledge workers spend 88% of their workweek just communicating and an average of 19 hours per week on written communication. At the same time, 59% of business leaders report experiencing miscommunication in written form once a week or more.

Amid last year’s AI boom, Grammarly took a thoughtful approach to addressing professional communication challenges with generative AI. We combined the best new technology on the market with traditional and proprietary techniques to rethink how people effectively communicate at work.

With gen AI, Grammarly no longer only helps people revise their writing. We make it easier to get to work at every turn—from kicking off first drafts to sharpening your ideas to polishing every email, message, and document. Using Grammarly leads to more efficient work and collaboration, fewer miscommunications, and meaningful results.

ModMed, a fast-growing e-health company, is already experiencing the impact. With Grammarly, they’ve saved over 19 days per year per employee, driving 28x ROI. CEO Daniel Cane said, “I couldn’t imagine working without Grammarly. We use its generative AI to help with first drafts, ideation, and designing the framework of our conversations. Then, once we’re done creating, Grammarly’s in-line features ensure everything is clean, concise, and on tone.”

And ModMed is in good company. Over 70,000 teams at enterprises like Atlassian, Databricks, Zoom, Everlane, Siemens, and Upwork use Grammarly as their trusted AI writing partner. On average, our business customers save over $5,000 per employee per year in productivity. For a company of 1,000 employees, that’s over $5.1 million in annual savings and over 17x ROI.

Grammarly is shaping a future where AI-driven communication enables businesses to get better work done faster. We help companies use AI to reduce everyday friction, uplevel how work gets done, and produce actual results. As we approach our fifteenth anniversary, we celebrate Fast Company’s continued recognition of this work.

The World’s Most Innovative Companies is one of Fast Company’s most highly anticipated editorial efforts. It reflects a moment in time while turning our collective attention toward innovations that will shape the future. Fast Company’s Most Innovative Companies issue (March–April 2024) is now available online and on newsstands beginning March 26th.

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