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Grammarly, the developer of an AI-powered writing assistant, has raised over $200 million at a valuation of $13 billion, more than 5 times the company's previous value of $2.3 billion garnered two years ago, according to PitchBook data. Baillie Gifford participated in the round, as did funds and accounts managed by BlackRock. The financing brings Grammarly's total capital raised to $400 million, according to PitchBook data. Grammarly is now the highest valued company that is powered by natural language AI, according to Brendan Burke, a PitchBook analyst who covers artificial intelligence. The performance of natural language AI has improved significantly in recent years, especially after Google introduced a novel natural language programming method in late 2018, Burke said.