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Grammarly raises $200 Mn at $13 Bn valuation – Top Tech News

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Grammarly raises $200 Mn at $13 Bn valuation

Grammarly, a popular auto-editing tool, has raised $200 Mn in a fresh funding round at a valuation of 13 bn. The new investment round saw participation from new as well as existing investors. Grammarly has succeeded in the market despite big companies like Microsoft offering similar services. Today the company, which operates the standard freemium model, help scores of users in improving their grammatical and spelling mistakes (click here)                 


Apple all set to launch self-service repair scheme

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Apple on Wednesday announced that it will start self-service repair program in January next year. This program will allow consumers owning iPhone 12 and iPhone 13 devices to repair their own phones. This program will be obviously more suitable to those consumers who are comfortable repairing their own devices. Apple will be providing genuine Apple parts, tools and manuals to consumers opting for this program (Click here)


Nvidia crypto mining chip sales continue to nosedive   

Although the price of leading cryptocurrencies may be touching roof-top, Nvidia has clearly failed to capitalize on it. While announcing its latest quarterly results, Nvidia disclosed that sales of its recently CMP sales have fallen 60% sequentially and further added that CMP’s contribution to fourth quarter sales are expected to be negligible. Nvidia had lunched CMP mining card in March this year targeting at Ethereum miners. (Click here)


Instagram to shut down its stand alone messaging app Threads

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Instagram has said that it will bring curtains down on stand-alone messaging app Threads. The company said that it will not provide any further support to the app after December 2021. Threads was launched in 2019 as a ‘Camera first’ messenger designed to help Instagram users to stay in touch with all those users who have been designated as their close friends (Click here)         


Amazon to ban Visa Credit Cards in UK


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E-commerce giant said that it will stop accepting payments from Visa credit cards in U.K. The decision will come into effect from January 19th, 2022. However, Amazon will continue to accept payments from Visa debit cards issued in U.K. Amazon is apparently blocking the VISA credit card as part of its ongoing legal battle with the VISA company (Click here).

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