Linguix Announces Its First Investment Round
Investment will accelerate the product development and expanding its scope to AI-based education.
Miami, FL, Dec. 2, 2019.
Linguix Inc. a mother company of Linguix.com AI-based writing assistant, announces a seed investment round. Nitrx Capital LLC, a Delaware-based private investment firm, will invest $350,000 that will be used for upgrading Linguix.com grammar checking technology and launching new features.
“We never wanted to just build another grammar checker,” says Alexander Buchman, the co-founder and Linguix board member. “From the day one we were working to give our users a better and more powerful product. This is why we provided them with unique content creation features, like content templates library, and gave more control over privacy with the pastebin mode for editing sensitive information. Now we are moving towards launching an AI-based personalized language learning engine and mobile applications. This will significantly boost the overall user experience and the value of Linguix”.
“We were impressed by the vision, experience, and skills of the Linguix team,” says Avner Zakharyaev, the VP at Nitrx Capital LLC. “These are strong factors that create a tremendous opportunity for worldwide growth, which is our top requirement for startups seeking investment. We liked the product, it’s business model, as well as the fact it has already acquired thousands of users from dozens of countries. Everybody at Nitrx Capital is excited about this new partnership and its perspectives”.
Linguix.com (ex-Linguix.ai) is an AI-based writing assistant and grammar checker that helps users to eliminate mistakes in their writing. The software detects grammar, spelling, punctuation mistakes in English writing and generates corrections and recommendations. The company’s headquarters is located in Miami, FL, as well as offices in Berlin, Germany and Moscow, Russia.