Chegg Cuts $15 Million Check to Buy AI-Feedback Tool, WriteLab
MAY 16, 2018
Reading, writing and AI—that turned out to be the winning combination for startup, WriteLab. Chegg announced today that it bought the Berkeley-based startup for about $15 million in an all-cash transaction. There’s an additional payment of $5 million to key employees over the next three years, assuming they stay.) They started the company to solve a challenge that they both knew well: how to provide fast and actionable feedback to writing students.