Chegg Cuts $15 Million Check to Buy AI-Feedback Tool, WriteLab
MAY 16, 2018
Chegg announced today that it bought the Berkeley-based startup for about $15 million in an all-cash transaction. They started the company to solve a challenge that they both knew well: how to provide fast and actionable feedback to writing students. Both K-12 and higher-ed institutions have begun to use WriteLab’s tools, including the likes of Stanford University, UC Riverside and the charter network, Carpe Diem. Writing tools are particularly interesting to the company.